Angela Noticed a List of Creditors at the Bottom of Her

question 167

Multiple Choice

Angela noticed a list of creditors at the bottom of her credit report.Some of the inquiries were voluntary and some were involuntary.What is the difference between the two?

• A)Voluntary inquiries are due to your own credit requests;while involuntary inquiries are typically by creditors who seek to offer you a preapproved credit offer.
• B)Involuntary inquiries are due to your own credit requests;while voluntary inquiries are typically by creditors who seek to offer you a preapproved credit offer.

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Definitions:

Critical Value Approach

A method in hypothesis testing that involves comparing the test statistic to pre-determined values to decide whether to reject the null hypothesis.

Model Significant

A measure of the likelihood that the relationships observed in the data occur due to something other than chance.

Correlation Coefficient

A metric that evaluates how closely related the movements of two variables are.

Linear Relationship

A relationship between two variables where a change in one variable is associated with a proportional change in the other variable, often represented by a straight line when graphed.