Multiple Choice
If the determining function for the likelihood of a mortgage application receiving a loan is given by, Loan Successful = 0.60 + 0.01 Credit Score. What would be the causal effect of increasing your credit score by 10 points?
A) Your expected probability of getting a loan would be 0.60 + 0.01(10) = 0.61.
B) Your expected probability of getting a loan would be 0.60
C) Your expected probability of getting a loan would increase by 0.01(10) = 0.10
D) Your expected probability of getting a loan would increase by 10.
Correct Answer:
Verified
Correct Answer:
Verified
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