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Questions
Single choice
TB LAB Qu. 08-56 Based on Lab 8-2 Excel Classifying Loan Acceptance Using Lending Club Data... Based on Lab 8-2 Excel Classifying Loan Acceptance Using Lending Club Data and the regression results below predicting loan acceptance, how is longer employment length (Emp Length) associated with loan acceptance? SUMMARY OUTPUT Regression Statistics Multiple R 0.3038 R Square 0.0923 Adjusted R Square 0.0923 Standard Error 0.2201 Observations 684122 ANOVA df SS MS F Significance F Regression 3 3,369.3982 1,123.1327 23179.20074 0.0000 Residual 684118 33,148.4818 0.0485 Total 684121 36,517.8800 Coefficients Standard Error t Stat P-value Lower 95% Intercept 0.0756 0.0008 92.7265 0.0000 0.0740 loan_amnt (0.0000) 0.0000 (35.6350) 0.0000 (0.0000) Emp Length 0.0240 0.0001 247.1157 0.0000 0.0238 DTI Bucket (0.0228) 0.0003 (70.8158) 0.0000 (0.0234)
Options
A.The greater the length of employment, the greater the chance of loan acceptance
B.The lower the length of employment, the greater the chance of loan acceptance
C.The relationship between length of employment and loan acceptance cannot be determined.
D.The length of employment is not associated with loan acceptance
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Standard Answer
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Approach Analysis
Question restatement: Based on Lab 8-2 Excel Classifying Loan Acceptance Using Lending Club Data and the regression results, how is longer employment length (Emp Length) associated with loan acceptance?
Answer options:
- The greater the length of employment, the greater the chance of loan acceptance
- The lower the length of employment, the greater the chance of loan acceptance
- The relationship between length of employment and loan acceptance cannot be determined.
- The length of employment is not associated with loan acceptance
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