Question: The probability that a credit score is equal to or higher than 700 is 0.45. The probability that a mortgage will be approved given a

The probability that a credit score is equal to or higher than 700 is 0.45. The probability that a mortgage will be approved given a credit score of 700 or higher is 0.6.The probability that a mortgage application will be denied given a credit score of less than 700 is 0.8.

What is the probability a random mortgage application will be approved?
1. 0.38
2. 0.55
3. 0..25
4. 0.87

What is the probability a credit score was 700 or above given that the mortgage application was approved?
1. 0.35
2. 0.49
3. 0.71
4. 0.29

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2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.

3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.

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