Problem 09-17 Algo (Biased Data)

The rate of unemployment is often correlated with the amount of delinquent loans because people have a more difficult time repaying loans on time if they are unemployed. The file unemploymentrate1 contains data on unemployment rates and percent of delinquent loans for 27 cities in the United States

(a) Create a scatter chart to examine the relationship between unemployment rate and percent of delinquent loans in these cities. Does there appear to be a relationship between unemployment rate and delinquent loans?

There appears to be –Select–
relationship between unemployment rate and percent of delinquent loans in these cities.

(b) Based on the scatter chart you created in part (a), are there any data points that would cause concern as possibly being a data error? –Select–

Solution

There appears to be –Select– relationship between unemployment rate and percent of delinquent loans in these cities.

Correct Answer…

(b) Based on the scatter chart you created in part (a), are there any data points that would cause concern as possibly being a data error? –Select– Correct Answer is……Please click on the Icon below to purchase the FULL ANSWER at only $5

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