Roxanne Has Always Maintained an Excellent Credit Rating Over the Years.She

question 80

Multiple Choice

Roxanne has always maintained an excellent credit rating over the years.She has an annual income of $23,000,has lived at her current residence three years,and has worked at the same job for eight years.Susan works in a clerical position,has two credit cards and maintains two bank accounts.Which one of the following items of evaluation would Roxanne score the highest on?

• A)Employment history
• B)Annual income
• C)Length of residence
• D)All of the above are correct answers.

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Definitions:

Standard Error

A statistical measure that represents the accuracy with which a sample distribution represents a population, particularly the variability in an estimated mean.

Parsimony

The principle of using the simplest or least complicated explanatory means necessary to adequately account for observed phenomena, often used in model selection.

Regression Model

A statistical technique for estimating the relationships among variables, often used for prediction and forecasting.

T-statistic

A type of statistic used in hypothesis testing, calculated from sample data to determine whether to reject the null hypothesis.