Based on each applicant’s median credit score, Lisa deserves our best interest rates. She has highest Credit Score i.e. 792.
What is Credit Score?
A credit score is a number between 300–850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.
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.
Kellin Natasha Edward Lisa
720 699 789 810
783 684 658 679
733 784 782 792
To calculate the median we have to arrange the credit score of each applicant in asscending order and then look for the middle value of each applicant
On doing so, we get the median of credit score of each applicant as
Kellin 733
Natasha 699
Edward 782
Lisa 792
Thus, based on each applicant’s median credit score, Lisa deserves our best interest rates because she has highest credit score i.e. 792.
Learn more about Credit Score from:
https://brainly.com/question/14753741
#SPJ2
