If You Have Incorrect Information in Your Credit File

question 86

Multiple Choice

If you have incorrect information in your credit file:

• A)you can't really do much about it.
• B)you have no legal remedies.
• C)credit bureaus are not required to change it.
• D)there are legal remedies available to you.
• E)don't worry because it will not affect your ability to borrow money.

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Definitions:

Chi-squared Distribution

A probability distribution that arises in statistics from the sum of squared independent standard normal variates and is used in significance testing.

Proportions

Statistical measures that indicate the relative size of one part compared to another part or to the whole.

One-tail Test

A statistical test that determines the significance of one end (tail) of the data distribution, often used to test a directional hypothesis.

Population Proportion

The fraction or percentage of the population that shares a particular characteristic or attribute.