Calculate Mean Balances Assignment Answers

Question:

The data are nearly prepared for modeling. Let's quickly do some exploratory data analysis (EDA) before modeling. This step provides insight into potential issues and which features are good candidates for modeling. Using the newly created age_binned column in q14_df, calculate the mean account_balance for each age bin. Assign the means to avg_age_balances as a pandas Series, sorted in ascending order by the mean values. The index should be the age categories.

Calculate Mean Balances Answer and Explanation

# Example data

data = {'age_binned': ['18-25', '26-35', '36-45', '46-55', '56-65'],

# Sort the Series in ascending order by mean values

avg_age_balances = avg_age_balances.sort_values(ascending=True)