Business Data Analysis Assignment

Exobank Financial Holdings (EFH) is in the process of acquiring a peer-to-peer (P2P) lending company known as FundZap. P2P lending companies are essentially marketplaces that primarily serve the needs of individuals looking for loans. A single loan, say, for $5000, may be funded by several notes from individuals chipping in, say, $25 each. The benefit to using P2P lending for the borrower is often a lower interest rate or more flexible terms. For the peer lender, the benefit is 1 an investment with potentially higher returns than savings accounts or CDs. gaining further insight into FundZap’s platform. EFH is interested in Management personnel of EFH wish to gain insight into the operations of FundZap so that they can understand how Fundzap has been operating so far and be poised to take advantage of new opportunities. EFH has hired your analytics consulting team to help it achieve this goal. Your team has been given a data set containing a large sample of randomly selected customer loans funded by FundZap in the last few months.

4. In this part, you will examine differences and relationships between customer groups.

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(a) Use one of the categorical variables in the data set to define two groups for which you will estimate the difference in two population means on a numeric variable that would be of interest to EFH. Explain your reasoning. You do not need to refer to outside sources for this question. Your reasoning will be sufficient, as long as its not just something like “because we think the means will be different.” Give a better, “we-are-a-consulting team-being-paid-to-do-this” reason.

(b) Display a neatly formatted table showing the summary statistics (mean, standard deviation, minimum, 25th percentile, median, 75th percentile, and maximum) and side- by-side box plots for the numeric variable for the two groups.

(c) Perform a hypothesis test at an appropriate level of α or construct a confidence interval at an appropriate level for the difference in the means for the two groups. Choose to assume either equal variances (which I call “Case 1” in the notes and videos) or unequal variances (which I call “Case 2”) depending on whether the standard deviations for the two groups are reasonably the same or different (this is your judgment call). Again, show output or explain all calculations and interpret the interval in context.

(d) Choose two categorical variables for which it would be interesting to see if a relationship exists. For this part, you do NOT have to justify your choice using a specific outside source, but you should still explain clearly why examining this relationship might be useful.

i. Create a contingency table and a side-by-side bar chart using the data in these two variables. Explain what you see.

ii. Perform the chi-squared test of independence at the α = 0.05 level of significance, either showing output from software or showing the calculations “by hand.” State the conclusion of the test in the context of the problem.

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