Question: James Smithern has asked for a $3,500 loan from Beard Center National Bank to repay some personal expenses. The bank uses a credit-scoring system to evaluate such requests, which contains the following discriminating factors along with their associated point weights in parentheses:
Credit Rating (excellent, 3; average, 2; poor or no record, 0)
Time in Current Job (five years or more, 6; one to five years, 3)
Time at Current Residence (more than 2 years, 4; one to two years, 2; less than one year, 1)
Telephone in Residence (yes, 1; no, 0)
Holds Account at Bank (yes, 2; no, 0).
The bank generally grants a loan if a customer scores 9 or more points. Mr. Smithem has an average credit rating, has been in his current job for three years and at his current residence for two years, has a telephone, but has no account at the bank. Is James Smithern likely to receive the loan he has requested?