TASK: Data analysis Use the dataset (see Moodle) "Loan.sav" and try to answer the following...

80.2K

Verified Solution

Question

Finance

imageimageimage

TASK: Data analysis Use the dataset (see Moodle) "Loan.sav" and try to answer the following research question: which underlying factors explain the length of getting an approval of a bank loan? The variables used in the dataset as defined as follows: Variable name Approval days Gender Education Variable definition how long does it take to get the approval from the bank measured by the number of da 1-Male; 0-Female The education level of the applicant. 1 for college education -2 for UG -3 for PG Number of vears of employment Household income in thousands Total debts in thousands Year em Income Total debt One-Sample Statistics Mean Std. Deviation Std. Error Mean 100 10.14 675 Number ofyears of employment how long does it take to get the approval from the bank Household income in thousands Total debt in thousands 6.751 100 34.38 7.969 797 100 35.0600 28.47073 2.84707 100 4.8386 4.91621 49162 One-Sample Test Test Value 0 95% Confidence Interval of the Difference df Sig. (2-tailed Mean Difference Lower Upper 15.020 10.140 8.80 Number ofyears of employment how long does it take to get the approval from the bank Household income in thousands Total debt in thousands 11.48 43.140 34.380 32.80 35.96 12.314 35.06000 29.4108 40.7092 9.842 4.83858 3.8631 5.8141 of einploytmenl, explin the resuits. (57o) 3. Hypothesis tests (10%) . Set up, conduct hypothesis tests and interpret the results. .This section should contain the hypothesis tests for all variables. TASK: Data analysis Use the dataset (see Moodle) "Loan.sav" and try to answer the following research question: which underlying factors explain the length of getting an approval of a bank loan? The variables used in the dataset as defined as follows: Variable name Approval days Gender Education Variable definition how long does it take to get the approval from the bank measured by the number of da 1-Male; 0-Female The education level of the applicant. 1 for college education -2 for UG -3 for PG Number of vears of employment Household income in thousands Total debts in thousands Year em Income Total debt One-Sample Statistics Mean Std. Deviation Std. Error Mean 100 10.14 675 Number ofyears of employment how long does it take to get the approval from the bank Household income in thousands Total debt in thousands 6.751 100 34.38 7.969 797 100 35.0600 28.47073 2.84707 100 4.8386 4.91621 49162 One-Sample Test Test Value 0 95% Confidence Interval of the Difference df Sig. (2-tailed Mean Difference Lower Upper 15.020 10.140 8.80 Number ofyears of employment how long does it take to get the approval from the bank Household income in thousands Total debt in thousands 11.48 43.140 34.380 32.80 35.96 12.314 35.06000 29.4108 40.7092 9.842 4.83858 3.8631 5.8141 of einploytmenl, explin the resuits. (57o) 3. Hypothesis tests (10%) . Set up, conduct hypothesis tests and interpret the results. .This section should contain the hypothesis tests for all variables

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students