if you have a higher credit score, you are most likely to have a loan with a high interest rate low interest rate
Added by Lori W.
Step 1
** Show more…
Show all steps
Your feedback will help us improve your experience
Anjali Kurse and 82 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A particular bank requires a credit score of 607 to get approved for a loan. After taking a sample of 130 customers, the bank finds the 90% confidence interval for the mean credit score is: 637 < μ < 724 Can we be reasonably sure that a majority of people will have a credit score over 607 and be able to get the loan? Yes or No Why or why not?
Qudsiya A.
What will most likely cause a lender to approve credit? (5 points) A historic credit score of 500 Most payments paid on time A large amount of debt owed A long credit history with high balances
Azat N.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD