Which of the Following Statements Is Incorrect in Relation to the ECOA

question 3

Multiple Choice

Which of the following statements is incorrect in relation to the ECOA?

• A) non-discriminatory firms will attain a competitive advantage
• B) lenders are engaged in little discrimination
• C) the ECOA has had a significant impact on making credit available
• D) the ECOA is a valuable statement about principles of fair lending practices

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Definitions:

Larger Than 10

A description or condition referring to quantities or values that exceed the number 10.

Parametric Techniques

Statistical methods that assume the underlying data distributions have a specific form.

Population Distribution

A description of how individuals are spread across a given area.

Wilcoxon Rank Sum Test

A nonparametric statistical test that compares two independent samples to determine if they come from the same distribution.