You work for a bank as a business data analyst in the credit card risk-modeling department. Your bank recently conducted a bold experiment: over a short time interval three years ago, it quietly issued 600 credit cards to everyone who applied, regardless of their credit risk.
After three years, 150, or 25%, of card recipients defaulted - they failed to pay back at least some of the money they owed. However, the bank collected very valuable proprietary data that it can now use to optimize its future card-issuing process.
The bank initially collected six pieces of data about each person.
a. Age
b. Years at current employer
c. Years at current address
d. Income over the past year
e. Current credit card debt, and
f. Current automobile debt
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You work for a bank as a business data analyst in the credit card risk-modeling department. Your bank recently conducted a bold experiment: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Harry's Pizza Parlor produced 10,000 large pizzas last year that sold for $10 each. This y ear Harry's produced 11,000 large pizzas (identical to last year's pizzas) but sold them for $12 each.
Answers (1)
Research has indicated that customer satisfaction and employee productivity are higher when the racio-ethnic composition of the customers matched that of store employees.
Answers (1)
Advertiser Co.'s directors voted immediately after year end to double the advertising budget for the coming year and authorized a change in advertising agencies. What is the effect of this event on the year-end statements?
Answers (1)
Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, in 2018 was $25,000, and in 2019 was $12,000. He made no additional contributions to or withdrawals from the partnership.
Answers (1)
Which type of loan require that you pay the interest accumulated during collage?
Answers (2)
New Questions in Business
Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond. (Select the best answer below.) A.
Answers (1)
Why shouldn't you use a relative as a reference when applying for a job? Explain.
No Answers
Mega skateboard supplier had net sales of $2.8 million, its cost of goods sold was $1.6 million, and its net income was $0.9 million. its gross margin ratio equals:
Answers (1)
Multiple Choice Question 182 When the T-account approach is used, the first entry to the Cash T-account is O net income o the change in Cash from the beginning of the year to the end of the year. O net income plus gains and minus losses.
Answers (1)
The most famous restrictive practices case of the last several decades involved a series of lawsuits by: a. some of microsofts competitors b. all of microsofts competitors c. U. S. consumers d. U. S. antitrust regulators
Answers (1)