A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 707.1. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 42 high-income individuals and found the sample mean credit score to be 719.2 with a standard deviation of 84.2. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. v the null hypothesis. There sufficient evidence to claim that the mean credit score of high-income individuals is

A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 707.1. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 42 high-income individuals and found the sample mean credit score to be 719.2 with a standard deviation of 84.2. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. v the null hypothesis. There sufficient evidence to claim that the mean credit score of high-income individuals is

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Each year, researchers at the U.S. Bureau of Labor Statistics (BLS) administer the American Time Use Survey (ATUS). Researchers estimate the average amount of time Americans spend on daily activities, such as working, housework, and leisure activities. In particular, one activity that is of interest is the average amount of time Americans spend watching television each day A researcher complied a random sample of 14 Americans and asked each person how much time they spent watching television each day. The results are given below. 2.11.3 0.9 3.3 2.3 1 4 2 3.1 0.8 4.4 1.5 2.2 3 Determine the point estimate , and the sample sadard deviation , Round the solutions to four decimal overline x places , if necessary . overline x = Box; s = Using a 98% confidence level , determine the margin of error, E, and a confidence interval for the average time Americans spend watching television each dayReport the confidence interval using interval notation Round solutions to two decimal places , if…
Make a conclusion regarding the hypothesis .
credit score is used by credit agencies to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 712.8. A credit analyst wondered whether high income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 24 high-income individuals and found the sample mean credit score to be 735.6 with a standard deviation of 74.5. Conduct the appropriate test to determine if high income individuals have higher credit
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 707.9. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 34 high-income individuals and found the sample mean credit score to be 721.5 with a standard deviation of 80.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α=0.05 level of significance.