Part 1 (100 points) Analyze the data in the CreditCard dataset in AER package. (Note that you have to install AER package and any other additional package that are required by

Part 1                         (100 points)

Analyze the data in the CreditCard dataset in AER package. (Note that you have to install AER package and any other additional package that are required by AER)

The following variables are included in the dataset:

1. card: was the application for a card accepted? (Binary: 1/0) Response Variable

2. reports: Number of major derogatory reports

3. income: Yearly income (in USD 10,000)

4. Age: Age in years plus 12ths of a year

5. Owner: Does the individual own his/her home?

6. dependents: number of dependents

7. months: Months living at current address

8. share: ratio of monthly credit card expenditure to yearly income

9. selfemp: Is the individual self-employed?

10. majorcards: number of major credit cards held

11. active: number of active credit accounts

12. expenditure: average monthly credit card expenditure

Use variables 2 to 8 to determine which of the predictors influence the probability that an application is accepted. Online Quiz 3B will be based on your analysis below:

A.   Provide summary stat of the predictors.               (5 points)

B.    There are some values of variable age under one year. Consider data with age>18 for your analysis for the rest of the questions.      (5 points)

C.    Plot of income vs. reports (Number of major derogatory reports): mark individuals with card application accepted as blue, and not accepted as red.  (5 points)

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more