Statistics: Informed Decisions Using Data (4th Edition)

by Sullivan III, Michael

Published by Pearson

ISBN 10: 0321757270

ISBN 13: 978-0-32175-727-2

Chapter 4 - Section 4.1 - Assess Your Understanding - Applying the Concepts - Page 201: 26a

Answer

Credit Score: explanatory variable. Interest Rate: response variable.

Work Step by Step

Your creditworthiness depends on your credit score (read the problem text). The higher your score is, the lower the interest rate a bank would offer.

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