Multiple Choice
A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k = 4. 
A) The probable default rate is 75%, the loan will be declined.
B) The probable success rate is 75%, the loan will be approved.
C) The probable success rate is 30%, the loan will be approved.
D) The probable default rate is 25%, the loan will be declined.
Correct Answer:
Verified
Correct Answer:
Verified
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