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QUESTION IMAGE

you are a loan officer trying to decide which clients deserve your best…

Question

you are a loan officer trying to decide which clients deserve your best rates. the table below shows the credit scores of several loan applicants.

based on each applicants median credit score, who deserves your best interest rates?
a. kellin
b. natasha
c. edward
d. lisa

Explanation:

Read scores from table

Using the Table Reading knowledge point

$$ LATEXBLOCK0 $$

Find median credit scores

Using the Median Credit Score knowledge point

$$ LATEXBLOCK1 $$

Compare median scores

Using the Lending Criteria knowledge point
The applicant with the highest median credit score deserves the best interest rates.

$$ 792 > 782 > 733 > 699 \implies \text{Lisa has the highest median score.} $$

Answer:

  • (a) Kellin
  • (b) Natasha
  • (c) Edward
  • (d) Lisa (Correct answer)