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Analyzing Loan Amount Disparities Between Account Types at MyMoney Finance
fintech
python
problem-understanding
inferential-statistics
data-wrangling
Learning objective
- Understand the application of statistical tests to evaluate fairness in financial products.
- Identify significant differences in loan amounts between 'Savings' and 'Current' accounts
Overview
This case study delves into statistical analysis conducted at MyMoney Finance to determine if there are discrepancies in the loan amounts offered to customers with 'Savings' and 'Current' accounts. You will explore real-world data, applying appropriate statistical methods to test for significant differences and understand the implications of these findings on company policy and customer satisfaction.
Story
At MyMoney Finance Corporation, a concern has arisen regarding the potential disparity in loan amounts offered to customers with different types of accounts. This case study follows a data scientist tasked with investigating this issue to ensure that the company's practices align with both regulatory standards and ethical lending practices.