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Exhibit 10.3
The information below is used for the following questions.
A loan officer wants to determine if people will be late in making loan payments. She has information of 18 current loans including the applicants income, level of assets and whether or not the person has been late on payments. She has performed an analysis on the data and obtained the output shown below.
-Refer to Exhibit 10.3. What formulas should go in cells C22:D23 and E4:F24 of the spreadsheet?
Sales Puffery
Exaggerated or promotional statements made by a seller that are subjective and not meant to be taken literally, often used in marketing and advertising.
Actionable
Describes information or steps that are clear and practical enough to be implemented or acted upon.
Misrepresentation
Providing false or misleading information about a product, service, or company.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different buyers, not based on costs.
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