Suppose that a credit card company uses a FICO scoes to predict new customer defaults. The FICO model predicts the logodds of a default. The model is given by: 1 logodds(default) = 10 -- Fico 25 (a) What would be the logodds equation for no-default? (b) The bank wants to approve only applicants (or new customers) if the probability of a default is 4% or less. For what FICO scores would the bank decline a new customer? Suppose that a credit card company uses a FICO scoes to predict new customer defaults. The FICO model predicts the logodds of a default. The model is given by: 1 logodds(default) = 10 -- Fico 25 (a) What would be the logodds equation for no-default? (b) The bank wants to approve only applicants (or new customers) if the probability of a default is 4% or less. For what FICO scores would the bank decline a new customer