How Will Having a Credit Score of 400 Affect Your

question 24

Multiple Choice

How will having a credit score of 400 affect your application for new credit?

• A) You will likely be approved for new credit.
• B) You will likely be rejected for new credit.
• C) It will not affect your application.
• D) You will likely be approved but charged a high interest rate.

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Definitions:

Permutations

Arrangements of a set of objects in which the order of the objects matters.

Experimental Outcomes

The possible results or observations that may be obtained in an experiment, reflecting the impact of various factors or variables.

Objects

Objects are instances of classes or types in programming, representing data with attributes and methods, or in a broader sense, physical entities that exist in the real world.

Classical Method

A method of assigning probabilities that is appropriate when all the experimental outcomes are equally likely.