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

Answer the questions that follow.

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

Group of answer choices

7 million

561 million

701 million

None of the above

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

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

28 million7 million

None of the above

120milion

probleme 2

uppose you developed a model to forecast a FICO type credit score and it had the following four variables: % Bank Credit Line utilized as a whole number – eg. 60 for 60 percent(X1), the average age in years of the individual’s accounts(X2), number of late payments in last two years(X3), and past bankruptcy(1-yes, 0-No)(X4). The model determined from a large number of cases was

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

Answer the questions that follow.

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

Group of answer choices

A bankruptcy decreases ones credit score by 100 points.

A bankruptcy increases ones credit score by 100 points.

None of these answers

Each additional bankruptcy decreases ones credit score by 100 points.

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

Higher

Lower

Probem 3

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

1-Select the alternative hypothesis.

Evaluation is dependent on class standing

Evaluation is unrelated to class standing

Evaluation is independent of class standing

None of these answers

2-Select the correct conclusion

Group of answer choices

Evaluation is dependent on class standing

Evaluation is dependent on class standing. Grads more likely to evaluate as negative or neutral, Undergrads more likely to evaluate as positive.

Evaluation is independent of class standing

Evaluation is dependent on class standings. Grads more likely to evaluate as positive. Undergrads are more likely to evaluate as neutral or negative.

Evaluation is dependent on Class Standing. Grads more likely to evaluate as positive or neutral, Undergrads more likely to evaluate as negative.

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