Answer:
6.2%
Step-by-step explanation:
Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.
Mike has credit rating = 720
Tyler has credit rating = 560
Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%
Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be
Interest = 3.2%+3% = 6.2%
The valid prediction for the mean of the population possible using these samples is C. Yes, the variation of the sample means is small
<h3>What is a sample mean?</h3>
It should be noted that a sample mean is an average of a set of data . Also, the sample mean can be used to calculate the standard deviation, central tendency, and the variance of a data set.
The sample mean can be applied to a variety of uses, including calculating population averages.
Here, the sample variance is a measure of the degree to which the numbers in a list are spread out. Here, the numbers given are close to each other.
If the numbers in a list are all close to the expected values, the variance will be small and if they are far away, the variance will be large.
Therefore, the correct option is C.
Learn more about mean on:
brainly.com/question/1136789
#SPJ1
Answer:
no answer your gay
Step-by-step explanation: