Hal Is Going Over The Credit Scores

Question: What is the difference between a credit score and a credit rating?

Answer: C

Question: Sophie did an anyonymous survey and collected her friends’ credit scores. The scores she found are listed in the table below. What is the mean credit score in this group? (Round to the nearest whole point, if applicable.)

Answer: A

Question: Hal is going over the credit scores he received from the three major credit bureaus. He Experian score is 711, his Equifax score is 736, and his TransUnion score is 736. What is the mode of Hal’s credit scores? (Round to the nearest whole point, if applicable.)

Answer: A

Question:

Answer: A

Question: Eric is comparing the credit scores of his friends. The scores he gathered are found in the table below.

Among this batch of credit scores, find whether the mean or the median is higher, and how much higher it is. (Round to the nearest whole point, if applicable.)

Answer: B

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 applicant’s median credit score, who deserves your best interest rates?

Answer: D

Question: What is a credit report?

Answer: B

Question: Who can access your credit report?

Answer: B

Question: Tony is a loan officer. He determines his clients’ eligibility for loans and for good interest rates by using their credit scores. The scores of several clients are shown in the following table.

Help Tony evaluate his applicants based on their mean and median credit scores.

Answer: B