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Business Analytics · End Term · 13 Apr 2025 · January 2025 term · Set QDD3

Question 23: The Table-8 contains the details of 6 customers who have…

Question 23

+2 marksNumerical answer

The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 & X2), the bank must decide whether to provide the bike loan or not. In addition, the actual decision on the loan is provided in the column (Y_act).

Cust_idX1X2Y_act
131.51
2-211
3-0.5-1.50
412.50
51.652.51
6-1.20.90

Table-8

A senior business analyst used logistic regression to compute the values in Table-9. Based on the data provided answer the given sub-questions.

What is the accuracy of the logistic regression model? (Note: Enter the answer in “percentage rounded to two decimal places without the percentage sign. For example, if the answer is “1.234%”, then enter it as “1.23”)

Show answer

Correct answer: 50 (accepted within ±0.05)

Question 23 of 30 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD3 13 Apr 2025). It carries 2 marks.

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