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Modified Credit Approval
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Part I of the assignment: You need to go out and find three different sources defining Monte Carlo Simulation and explaining examples of how it is used. 

Part II of the assignment is on the Risk Solver: Complete Problem 5 from the Chapter, or choose a third example from Assignment 7 using the software from Solver.com. 

Question 5 is attached below 


Modified Credit Approval Decisions

 

Homeowner

 

1

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

1

 

1

 

1

 

1

 

1

 

0

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

0

 

1

 

0

 

1

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

1

 

1

 

0

 

1

 

1

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

0

 

1

 

1

 

0

 

0

 

1 Credit Score

 

725

 

573

 

677

 

625

 

527

 

795

 

733

 

620

 

591

 

660

 

700

 

500

 

565

 

620

 

774

 

802

 

640

 

523

 

811

 

763

 

555

 

617

 

642

 

688

 

649

 

695

 

701

 

635

 

507

 

677

 

485

 

582

 

699

 

703

 

585

 

620

 

695

 

774

 

802

 

640

 

536

 

801

 

760

 

567

 

600

 

702

 

636

 

509

 

595

 

733 Years of Credit History

 

20

 

9

 

11

 

15

 

12

 

22

 

7

 

5

 

17

 

24

 

19

 

16

 

6

 

3

 

13

 

10

 

7

 

14

 

20

 

2

 

4

 

9

 

13

 

3

 

12

 

15

 

9

 

7

 

2

 

12

 

5

 

3

 

17

 

22

 

18

 

8

 

16

 

13

 

10

 

7

 

14

 

20

 

2

 

4

 

10

 

11

 

8

 

3

 

18

 

15 Revolving Balance

 

$

 

11,320

 

$

 

7,200

 

$

 

20,000

 

$

 

12,800

 

$

 

5,700

 

$

 

9,000

 

$

 

35,200

 

$

 

22,800

 

$

 

16,500

 

$

 

9,200

 

$

 

22,000

 

$

 

12,500

 

$

 

7,700

 

$

 

37,400

 

$

 

6,100

 

$

 

10,500

 

$

 

17,300

 

$

 

27,000

 

$

 

13,400

 

$

 

11,200

 

$

 

2,500

 

$

 

8,400

 

$

 

16,000

 

$

 

3,300

 

$

 

7,500

 

$

 

20,300

 

$

 

11,700

 

$

 

29,100

 

$

 

2,000

 

$

 

7,600

 

$

 

1,000

 

$

 

8,500

 

$

 

12,800

 

$

 

10,000

 

$

 

31,000

 

$

 

16,200

 

$

 

9,700

 

$

 

6,100

 

$

 

10,500

 

$

 

17,300

 

$

 

27,000

 

$

 

13,400

 

$

 

11,200

 

$

 

2,200

 

$

 

12,050

 

$

 

11,700

 

$

 

29,100

 

$

 

2,000

 

$

 

29,000

 

$

 

13,000 Years of Credit History Revolving Balance New Data to Classify

 

Homeowner Credit Score 1

 

0

 

1

 

0

 

0

 

1 700

 

520

 

650

 

602

 

549

 

742 8

 

1

 

10

 

7

 

2

 

15 $21,000

 

$4,000

 

$8,500.00

 

$16,300.00

 

$2,500.00

 

$16,700.00 Revolving Utilization

 

25%

 

70%

 

55%

 

65%

 

75%

 

12%

 

20%

 

62%

 

50%

 

35%

 

18%

 

83%

 

70%

 

87%

 

7%

 

5%

 

59%

 

79%

 

3%

 

70%

 

100%

 

34%

 

25%

 

11%

 

5%

 

22%

 

15%

 

85%

 

100%

 

9%

 

80%

 

65%

 

27%

 

20%

 

78%

 

55%

 

11%

 

7%

 

5%

 

59%

 

79%

 

3%

 

70%

 

95%

 

81%

 

15%

 

85%

 

100%

 

78%

 

24% Decision

 

1

 

0

 

1

 

0

 

0

 

1

 

1

 

0

 

0

 

1

 

1

 

0

 

0

 

0

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

0

 

1

 

1

 

1

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

1

 

1

 

0

 

0

 

1

 

1

 

1

 

0

 

0

 

1

 

0

 

0

 

0

 

1

 

0

 

0

 

0

 

1 Revolving Utilization Decision 15%

 

90%

 

25%

 

70%

 

90%

 

18%

 







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