In the Context of Credit, Which of the Following Statements

question 88

Multiple Choice

In the context of credit, which of the following statements is true of the Fair, Isaac and Company (FICO) scale?

• A) It runs from 500 to 1200.
• B) A person's credit score on the scale is based on his or her occupation and gender.
• C) A person with a credit score above 500 is considered to have excellent creditworthiness.
• D) A high credit score on the FICO scale makes it easier to get credit on favorable terms.

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Definitions:

Scatterplot

A type of graph used in statistics to visually display and compare two variables for a set of data, showing how much one variable is affected by another.

Two-Way Table

A table that displays data about two categorical variables; used to explore the relationship between the two variables.

Scatterplot Strength

Indicative of the degree of correlation between two variables represented in a scatterplot, showing how closely the data points fit a trend line.

Curve Following

The practice of tracing the path or line that best fits the pattern of a dataset, often used in trend analysis.