6
QuizMultiple Choice

Credit Scores and Reports

Question 6 • 26-27 Ignite Technical Math-Financial Math - MA2007

One of Rachel’s duties as a loan officer is to review the credit scores of loan applicants. The scores of several such applicants can be seen in the table below.NameExperianEquifaxTransUnionLeslie775803675Pat668821774Sam706720732Alex739816799Based on each applicant’s median credit score, to which client is Rachel likely to offer the best interest rates?

Answer
A
Leslie
B
Pat
C
Sam
D
Alex

Explanation

Find the median of each applicant’s three scores by ordering them and taking the middle value. Leslie’s median is 775, Pat’s is 774, Sam’s is 720, and Alex’s is 799. Alex has the highest median score, so Rachel is likely to offer Alex the best interest rates.

AI-written and checked against the verified answer.

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