business
domiqiquelxthen
Chapter1Homework1.xlsx1.5
| Sales Transactions Data Classification (categorical, ordinal, nterval or ratio) | ||||||||
| Cust ID | Region | Payment | Transaction Code | Source | Amount | Product | Time Of Day | |
| Example | 10001 | East | Paypal | 93816545 | Web | $20.19 | DVD | 22:19 |
| Classificaion |
1.9
| Checking and Savings Account Balance Model | |||
| BALANCE = -17,732 + 367 x AGE + 1300 x YEARS EDUCATION + 0.116 x HOUSEHOLD WEALTH | |||
| a. | Number | Interpretation | |
| 367 | |||
| 1300 | |||
| 0.116 | |||
| b. | AGE | 32 | years old |
| EDUCATION | 16 | years | |
| WEALTH | $ 150,000.00 | ||
| PREDICTED BALANCE |
