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Credit Scores and Reports
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Credit Scores and Reports
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12 Questions

1. Darryl just received his credit scores from the three major credit bureaus. His Experian score is 719, his Equifax score is 741, and his TransUnion score is 780. What is his mean credit score? (Round to the nearest whole point, if applicable.)

2. Ned is looking over his credit scores. His Experian score is 690, his Equifax score is 691, and his TransUnion score is 651. What is his mean credit score? (Round to the nearest whole point, if applicable.)

3. A real estate agent is trying to find the average credit score of some of her clients. She compiled the scores in the table below. What is the mean credit score in this group? (Round to the nearest whole point, if applicable.)

4. Daniel is looking over the credit scores of a batch of potential new hires. Their credit scores are compiled in the table below. What is the mode of this group of credit scores? (Round to the nearest whole point, if applicable.)

5. Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan has an APR of 7.75%, compounded monthly. Nick's credit score is rather low, so his loan has an APR of 13.10% interest, compounded monthly. If both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will Nick have paid than Miles? (Round all dollar values to the nearest cent.)

6. Christine is reviewing her credit scores from the three major credit bureaus. Her Experian score is 775, her Equifax score is 721, and her TransUnion score is 760. What is Christine's median credit score? (Round to the nearest whole point, if applicable.)

7. Mary is averaging her grandchildren's credit scores. She has arranged the scores in the table shown below. What is the median credit score in this group? (Round to the nearest whole point, if applicable.)

8. Ethel and Jack each separately apply for and receive a loan worth $7,725 apiece. Ethel has a relatively average credit rating, so her loan has an APR of 9.14%, compounded monthly. Jack's credit rating is excellent, so his loan has an APR of 6.88%, compounded monthly. If they both pay off their respective loans by making six years of identical monthly payments, how much more will Ethel pay than Jack? (Round all dollar values to the nearest cent.)

9. Eileen just received her credit scores from the three major credit bureaus. Her Experian score is 824, her Equifax score is 840, and her TransUnion score is 832. What is the mode of Eileen's credit scores? (Round to the nearest whole point, if necessary.)

10. Xavier is comparing the credit scores of people in his neighborhood. He compiled the scores he found into the table below. What is the median credit score in this group? (Round to the nearest whole point, if applicable.)

11. Sophie did an anyonymous survey and collected her friends' credit scores. The scores she found are listed in the table below. What is the mean credit score in this group? (Round to the nearest whole point, if applicable.)

12. Violet ordered her annual credit reports. Her Experian score is 804, her Equifax score is 810, and her TransUnion score is 784. What is Violet's median credit score? (Round to the nearest whole point, if applicable.)