SPSS Each Variable Presented Has Term Paper

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In terms of credit limit, on average the applicants who received the most credit were in their forties and fifties. In the mid-range of credit, applicants were from all ages levels. At the low end of credit, applicants ranged from their twenties to their forties on average. For applicants in their twenties, age seemed to put a cap on how much credit they could receive. For example, the most credit received by an applicant in their twenties was $10,600. The few applicants in their fifties who received minimal amounts of credit also had incomes at the very low end.

Marital status has some impact on the amount of credit received. In the middle of the credit range, the marital status of successful applicants is mixed on average, whereas the vast majority of applicants at the high end of credit received were married. As with the high end, at the low end of credit successful applicants were as likely to be single or married.

Home ownership is a key factor in the amount of credit given. Those receiving the most amount of credit tended strongly towards home ownership. Even in the mid-range amount of credit received, home ownership was mixed and at the low end for credit, home ownership becomes increasingly rare.

Annual income is a significant factor in the amount of credit given. There is a clear and direct correlation between annual income and credit given. Applicants whose incomes were under $30,000 were exclusively given low amounts of credit. The highest credit amount for which the average income of the recipient was under $30,000 was just $3,800. As the amount given increases, the average income of the recipient increases. The two applicants with over $70,000 in income received the two highest amounts of credit.

Job status is only an incidental factor in the amount of credit given. There is a slight trend towards full-time employment amongst those with the highest amount of credit given, and a slight trend towards part-time employment amongst those with the lowest amount of credit given.

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But for most levels of credit given, job status does not appear to have any impact. The amount of money made working tends to be a much more important factor than the amount of hours spent earning that money.

Credit history rating is an important factor in the amount Those with the highest scores tended to receive the highest amount of credit. Those whose scores were closer to the mean tended receive a medium or low amount of credit. Credit history rating does not appear to be as important as annual income, because several applicants with exception credit history ratings only received a medium amount of credit. Most applicants who had a credit history rating in the 50s or 60s were limited to a low or medium amount of credit, however, indicating some amount of ceiling.

3. The prospective applicant would be granted credit. The most important factors are the annual income and the credit history rating. his/her annual income of $61,000 is far above the mean annual income of a successful applicant. The highest annual income for any applicant that was denied credit was just $41,770. Moreover, his credit history score of 57%, while below average for a successful applicant, is well above the floor of 45% that we have seen in previous successful applicants. Home ownership and full-time job status are generally positive factors. Marital status and age are not strong enough factors to overall the other factors.

The applicant's credit history rating is going to put a ceiling on the amount of credit that will be given. In this case, it is unusual for someone with a 57% rating to be given above the $8,000-9000 range no matter what the other factors are. An annual income of $61,000 is going to take the amount of credit given into the higher end of this range.

The applicant is not of a low enough age to have any additional ceiling for that reason. his/her job status and home ownership are moderately positive factors and his/her marital.....

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