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 meancredit score is 709.1. 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 44 high-income individuals and found the sample mean credit score to be722.4 with a standard deviation of 83.5. 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 altenative hypothesesH, P(Type integers or decimals. Do not round.)Identify the t-statistic.h= (Round to two decimal places as needed.)Identify the P-valueP-value = (Round to three decimal places as needed.)Make a conclusion regarding the hypothesisthe null hypothesis. ThereV sufficient evidence to claim that the mean credit score of high-income individuals is

Given data : sample size, n = 44 sample mean, x̄ = 722.4 sample standard…

Answered: A credit score is used by credit…

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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A company surveyed adult Americans about their consumer debt. The article reported that 48% of millennials (those born between 1980 and 1996) and 62% of Gen Xers (those born between 1965 and 1971) did not pay off their credit cards each month, and therefore carried a balance from month to month. Suppose that these percentages were based on representative samples of 450 millennials and 300 Gen Xers. Is there convincing evidence that the proportion of Gen Xers who do not pay off their credit cards each month is greater than this proportion for millennials? Test the appropriate hypotheses using a significance level of 0.05. (Let p1 be the proportion of Gen Xers who do not pay off their credit cards each month, and p2 be the proportion of Millennials who do not pay off their credit cards each month.) State the appropriate null and alternative hypotheses. H0: p1 − p2 = 0 Ha: p1 − p2 > 0 H0: p1 − p2 = 0 Ha: p1 − p2 < 0 H0: p1 − p2 > 0 Ha: p1 − p2 < 0 H0: p1 − p2 <…
Is it defense or offense that wins football games? The accompanying data file includes a team’s winning record (Win in %), the average number of yards gained, and the average number of yards allowed during a recent NFL season. Team Win Yards_Gained Yards_Allowed Arizona Cardinals 46.9 366.8 305.2 Atlanta Falcons 68.8 415.8 371.2 Baltimore Ravens 50.0 347.7 322.1 Buffalo Bills 43.8 354.1 357.0 Carolina Panthers 37.5 343.7 359.8 Chicago Bears 18.8 356.5 346.8 Cincinnati Bengals 40.6 356.9 350.8 Cleveland Browns 6.2 311.0 392.4 Dallas Cowboys 81.2 376.7 343.9 Denver Broncos 56.2 323.1 316.1 Detroit Lions 56.2 338.8 354.8 Green Bay Packers 62.5 368.8 363.9 Houston Texans 56.2 314.7 301.3 Indianapolis Colts 50.0 364.4 382.9 Jacksonville Jaguars 18.8 334.9 321.7 Kansas City Chiefs 75.0 343.0 368.5 Miami Dolphins 25.0 262.7 337.0 Minnesota Vikings 62.5 332.8 382.6 New England Patriots 50.0 315.1 314.9 New Orleans Saints 87.5 386.2 326.4 New York…
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 701.5. 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 38 high-income individuals and found the sample mean credit score to be 721.2 with a standard deviation of 84.5. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α=0.05 level of significance. State the null and alternative hypotheses. H0:μ ▼ greater than> not equals≠ equals= less than< nothing H1: μ ▼ greater than> less than< not equals≠ equals= ____
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 700.4. 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 716.2 with a standard deviation of 81.1. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. Но н = 700.4 H₁ H700.4 (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Help me solve this Get more help. View an example Clear all Check answer Type here to search B 1:35 PM 6/18/2022 WE O (?) 95°F Mostly sunny
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.
The General Social Survey is an annual survey given to a random selection of about 1500 adults in the United States. Among the many questions asked are "What is the highest level of education you've completed?" and "If you're employed full-time, how many hours do you spend working at your job during a typical week?" We're interested in examining whether or not there are differences in the typical work week length based on the level of education of the worker. We perform a one-way, independent-samples ANOVA test, with the "groups" in the ANOVA being categories of highest educational degree of the worker ("less than high school," "bachelor's degree," etc.) and the variable being the number of hours written down by the worker in answering the survey question. (a) Suppose that the results of our ANOVA are given in the ANOVA table below. Complete the missing cell of the ANOVA table (rounding your answer to two decimal places). Source of Degrees of,Sum of variation Between freedom squares…
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 703.7. 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 41 high-income individuals and found the sample mean credit score to be 715.6 with a standard deviation of 82.5. 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. Hou H₁: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value.
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 703.7. 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 32 high-income individuals and found the sample mean credit score to be 719.9 with a standard deviation of 82.6. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. ww State the null and alternative hypotheses. Ho: P (Type integers or decimals. Do not round.) Identify the t-statistic. (Round to two decimal places as needed.) Identify the P-value. (Round to three decimal places as needed.) P-value = Make a conclusion regarding the hypothesis. the null hypothesis. There…
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 705.8 . 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 40 high-income individuals and found the sample mean credit score to be 725.8 with a standard deviation of 83.8 . Conduct the appropriate test to determine if high-income individuals have higher credit scores at the alpha equals0.05 level of significance. Question content area bottom Part 1 State the null and alternative hypotheses. Upper H 0 : mu ▼ equals not equals less than greater than enter your response here Upper H 1 : mu ▼ less than not equals equals greater than enter your response here (Type…
An issue of Time Style and Design reported on a poll conducted on the shopping habits of wealthy Americans. A total of 603 interviews were conducted among a national sample of adults with household incomes of at least $150,000. Of the adults interviewed, 410 said they had purchased clothing, accessories or books online in the past year. We want to understand the percentage of wealthy Americans who shop online. Do the data provide sufficient evidence to say that the majority (more than 50%) of wealthy Americans shop online at the 5% significance level? a. What are n, x, n-x and ??̂? b. State the null and alternative hypotheses. c. What is the value for the test statistic z0? d. Find the p-value. e. Do the data support that (more than 50%) of wealthy Americans shop online?

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