A Large Number of Credit Inquiries Means

question 21

Multiple Choice

A large number of credit inquiries means

• A)you have a high BEACON score.
• B)you are seeking credit from several institutions.
• C)you have a good rating with many financial institutions.
• D)you are very diligent on tracking your credit information.

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Definitions:

One-tailed Test

A statistical test where the region of rejection is on only one side of the sampling distribution.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it is a threshold used to determine the critical region for statistical significance testing.

Test Statistic

A figure determined from data samples, which is used during a hypothesis test to evaluate whether to refuse the null hypothesis.

Type I Error

An erroneous denial of a valid null hypothesis, commonly called a "false positive."