# answerseach additional bankruptcy decreases ones credit score B u s i n e s s F i n a n c e

answerseach additional bankruptcy decreases ones credit score B u s i n e s s F i n a n c e

I’m working on a business multi-part question and need an explanation and answer to help me learn.

Problem 1

Target, Inc has developed a sales forecasting model based on twenty years of data. The model forecasts quarterly sales. The model is

Y’ = 7X + 120

Sales are measured in millions, so \$10 million was recorded as a 10. Quarters were coded1 to 80. Seasonality indices for the four quarters are

I -> .90, II -> 1.00, III -> .80, and IV -> 1.30

1- What is the estimated sales for the 3rd quarter of the 21st year. Round to nearest million.

Does any season lack a seasonal effect (Y/N)

3- What is the average annual growth in Target sales?

7 million

Y’ = -20 ( %Credit Used) + 3 (Age) – 8 (Late payments) – 100 (Bankruptcy) + 1175

1-Estimate the average credit score for individuals who have utilized 25 percent of their credit, have a 20-year history of credit, have 1 late payment over the last 2 years and have not had a bankruptcy. Round to nearest whole number

2-The correct interpretation for the coefficient associated with bankruptcy is

An individual who utilizes more of their credit will have a (higher or lower) credit score than someone who utilizes less of their credit.

Evaluation results of a faculty member by students in her graduate classes versus undergraduate classes had the following results from classes over the last three years. The data is presented as a 3-point Likert scale. The investigator is interested in determining if the evaluation result is independent or dependent on class standing. Use an alpha of .05

 Positive Review Neutral Review Negative Review Undergrad 100 5 250 Graduate 100 20 50

Select the alternative hypothesis.

Select the correct conclusion