Question

When a person applies to rent a house, he/she sometimes is required to consent to a credit check along with his/her application. Landlords know that there is a relationship between credit score and likelihood of paying rent on time. In this situation, paying rent on time is best characterized as the______________.

Answer 1

Answer:

Paying rent on time is the dependent variable, likely to be positively affected by credit check.

Explanation:

Studying relationship between variables :

• The variable effecting other variable is called Independent Variable. The variable effected by other variable is called Dependent Variable.
• If independent variable rise leads to rise in dependent variable & its fall leads to fall in other, they are positively related. If one increase, other decrease & one decrease, other increase; they are negatively related.

Eg : Law of Demand states - Price (independent variable) affecting demand (dependent variable) demand negatively.

In this case : 'credit check' is viewed as an independent variable affecting the dependent variable 'rent paid on time' , positively.

So : the person applying to rent a house is required to consent a credit check along, as it positively effects his/her rent paying capability on time.