Which of the Following Is the Best Rating to Have

question 114

Multiple Choice

Which of the following is the best rating to have on your credit report?

• A)L0
• B)L10
• C)R0
• D)R1
• E)R9

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Definitions:

Continuous Random Variable

A type of random variable that can take an infinite number of values in a continuous range.

Probability Mass Function

A function that gives the probabilities of discrete outcomes.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.

Expected Value

The long-run average value of repetitions of an experiment it represents, often used in probability and statistics.