Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been commissioned by a new private bank that wants to automate the decision making for awarding a credit card to interested clients, and

You have been commissioned by a new private bank that wants to automate the decision making for awarding a credit card to interested clients, and to award the credit limit based on a number of criteria. The following information must be studied and converted to code: The data that you should be able to read in my include age, monthly income, in debt rehabilitation, monthly expenses, and whether the person has a good, a bad or a neutral credit rating. A person can only get a credit card if they have reached the age of majority (18). If the prospective client is currently in debt rehabilitation, they also cannot get a credit card. Once you have made the decision whether the person may get a credit card at all, the software needs to determine the credit limit that the bank is willing to offer the client. The logic works as follows: First, the software must calculate the difference between the client's income and expenses. This number is then multiplied as follows: For clients with a positive credit rating, it is multiplied by 7 For clients with a neutral credit rating, it is multiplied by 4 For clients with a negative

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions

Question

What is the difference between stereotypes and prejudice? (p. 351)

Answered: 1 week ago