Why Is It So Important That You Make All of Your

question 110

Multiple Choice

Why is it so important that you make all of your credit and loan payments on time?

• A) Late payment history lasts 7 years on your credit file.
• B) The lender will be annoyed and not extend additional credit to you.
• C) Late payment history lasts 10 years on your credit file.
• D) Paying your credit cards and loans late just once will lead to bankruptcy.

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Definitions:

F-Ratio

A statistical value used to compare variances in ANOVA tests, determining if there are significant differences between group means.

Research Hypothesis

A proposed explanation or prediction about a relationship that can be tested through study and experimentation.

Null Hypothesis

A statistical hypothesis that assumes no significant difference exists in a particular condition or feature between two or more sets of data.

Supported

The state or condition of being backed up with evidence or data, making an assertion more robust or credible.