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FORM B of 2024 Quantitative Data Analysis QUIZ - Google Docs 1

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4 views

FORM B of 2024 Quantitative Data Analysis QUIZ - Google Docs 1

Uploaded by

aedankoop
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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‭ uantitative Data Analysis QUIZ 2024‬

Q
‭(FORM B)‬

‭ lease download the “LOAN INFO” dataset from the OnCampus assignment to be used in‬
P
‭Excel and RStudio to complete the questions below.‬

‭1.‬ C
‭ reate a histogram of the “int_rate” variable. (Add a title and color) Copy and paste your‬
‭graph and use it to answer a-d below:‬

‭a)‬ ‭Identify AND provide the best measure of CENTER for the data. Justify your reasoning.‬

‭b)‬ ‭Identify AND provide the best measure of SPREAD for the data. Justify your reasoning.‬

‭c)‬ ‭Provide a five-number summary of the data.‬

‭d)‬ A
‭ re there any official outliers for this dataset? What is the threshold before it becomes an‬
‭outlier? Justify your reasoning and show your work.‬

‭ . Create a boxplot of the “loan_amt” variable broken down by the “grade” that each loan was‬
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‭given. (Add a title, x and y axis labels, and color) Copy and paste your graph and use it to‬
‭answer a-c below:‬

‭a)‬ W
‭ hat clear trend do you notice on the graph? Why does this make sense in the context‬
‭of taking out a loan?‬
‭b)‬ W
‭ hich loan grade has the highest median amount? Estimate what that amount is and‬
‭justify your reasoning.‬

‭c)‬ ‭Which loan grade has the smallest IQR? Justify your reasoning.‬

‭ . Identify the mean and standard deviation of the “loan_amt” variable and use those numbers‬
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‭to complete a-e below. NOTE: Let us act as if the “loan_amt” variable is unimodal and‬
‭symmetric for the section of the quiz!‬

‭a)‬ ‭Identify mean and standard deviation.‬

‭b)‬ C
‭ reate a sketch of a Normal Model, including all values and percentages, using the‬
‭mean and standard deviation found in part a.‬

‭c)‬ ‭What is the Z score of the following loan amounts?‬


‭i)‬ ‭$5,000‬
‭ii)‬ ‭$15,000‬
‭iii)‬ ‭$25,000‬
‭d)‬ I‭f you took out a $7500 loan, what percentile rank would be compared to the rest of the‬
‭loans in the data set? Show your work and justify your reasoning.‬

‭e)‬ C
‭ ombine the z scores of the “loan_amt” variable and the “int_rate” variable to find the‬
‭top 3 loans that fall into each of the below categories: (screenshot code)‬
‭i)‬ ‭Take your Time Loans: Loans that have a high amount paired with a low rate‬
‭ii)‬ ‭Pay off Quick Loans: Loans that have a low amount paired with a high rate‬

‭ rite 2-3 sentences describing what you did to find this that outlines the steps you took to solve‬
W
‭this problem:‬

‭Free Response Question:‬


‭ he graph below shows histograms and boxplots for the speeds (in miles per hour) of‬
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‭wooden‬‭and‬‭steel‬‭roller coasters.‬
‭ uestion 1:‬‭Which type of roller coaster, wooden or steel, is generally faster? Justify‬
Q
‭your reasoning.‬

‭ uestion 2:‬‭Compare and contrast the two distributions‬‭below. You must support your‬
Q
‭answer with an argument that includes comparisons of appropriate measures of shape‬
‭and center, and descriptions of spread, for both distributions.‬

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