Which of the Following Are Helpful in Keeping Your Credit

question 41

Multiple Choice

Which of the following are helpful in keeping your credit card rates and fees low?

• A)Make every payment on time
• B)Maintain a balance that is less than 30% of your credit line
• C)Carefully read monthly statements for additional fees and read mail regarding adjustment notices
• D)All of the options are correct.

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Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Overbooking

A strategy used by airlines and hotels where more tickets or rooms are sold than available, based on predicted no-shows.

Chance

A measure of the likelihood or probability of certain events happening, often used in the context of statistical analysis and risk assessment.

Tornado Chart

A graphical method used to display the sensitivity of a result to changes in variables or inputs, resembling a tornado when variables are ranked by importance.