Question: A new applicant, age 4 5 , is applying for a loan. Using the table below, what is the estimated probability the loan will be

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k
=4.
The probable default rate is 25%, the loan will be declined.
The probable default rate is 75%, the loan will be declined.
The probable success rate is 75%, the loan will be approved.
The probable success rate is 30%, the loan will be approved.
A new applicant, age 45, is applying for a loan. Using

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