17. Second loan. Exercise 15 describes the loan
Chapter 21, Problem 17(choose chapter or problem)
17. Second loan. Exercise 15 describes the loan scoremethod a bank uses to decide which applicants it willlend money. Only if the total points awarded for variousaspects of an applicants financial condition fail to add upto a minimum cutoff score set by the bank will the loan bedenied.a) In this context, what is meant by the power of the test?b) What could the bank do to increase the power?c) Whats the disadvantage of doing that?
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