A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness ofindividuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. Accordingto a survey, the mean credit score is 707.6. A credit analyst wondered whether high-income individuals (incomes inexcess of $100,000 per year) had higher credit scores. He obtained a random sample of 43 high-income individuals andfound the sample mean credit score to be 718.3 with a standard deviation of 83.1. Conduct the appropriate test todetermine if high-income individuals have higher credit scores at the a= 0.05 level of significance.Click the icon to view the table of critical t-values.State the null and alternative hypotheses. Fill in the correct answers below.HồnH₁: H(Type integers or decimals. Do not round.)Identify the t-statistic.to=(Round to two decimal places as needed.)Approximate the P-value.The P-value is in the rangeMake a conclusion regarding the hypothesis.the null hypothesis. Theresufficient evidence to conclude that the mean credit score ofna

Given information Population mean µ = 707.6 Sample size (n) = 43 Mean x̅ = 718.3 Standard deviation…

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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Socially conscious investors screen out stocks of alcohol and tobacco makers, firms with poor environmental records, and companies with poor labor practices. Some examples of "good," socially conscious companies are Johnson and Johnson, Dell Computers, Bank of America, and Home Depot. The question is, are such stocks overpriced? One measure of value is the P/E, or price-to-earnings ratio. High P/E ratios may indicate a stock is overpriced. For the S&P Stock Index of all major stocks, the mean P/E ratio is ? = 19.4. A random sample of 36 "socially conscious" stocks gave a P/E ratio sample mean of x = 17.7, with sample standard deviation s = 5.2. Does this indicate that the mean P/E ratio of all socially conscious stocks is different (either way) from the mean P/E ratio of the S&P Stock Index? Use ? = 0.05. (a) What is the level of significance?State the null and alternate hypotheses. H0: ? = 19.4; H1: ? < 19.4H0: ? ≠ 19.4; H1: ? = 19.4 H0: ? = 19.4; H1: ? ≠ 19.4H0: ?…
Over the first five years of owning her car, Gina drove about 12,700 miles the first year, 15,478 miles the second year, 12,675 the third year, 11,850 the fourth year, and 13,075 the fifth year. a. Find the mean, median, and mode of this data. b. Explain which measure of central tendency will best predict how many miles Gina will drive in the sixth year. a. mean= 12,700; median= 13,156; no mode; the mean is the best choice because it is representative of the entire data set. b. mean= 13,156; median= 12,700; mode= 3,628; the median is the best choice because it is not skewed by the high outlier. c. mean= 13,156; median= 12,700; no mode; the mean is the best choice because it is representative of the entire data set. d. mean= 13,156; median= 12,700; no mode; the median is the best choice because it is not skewed by the high outlier.
According to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,078 in 2018 . Consider the population of "last-minute" filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). b. For a sample 400 of individuals who filed a tax return between April 10 and 15 , the sample mean refund was $920. Based on prior experience a population standard deviation of a=1,800 may be assumed. What is the p -value (to 4 decimals)? c. Using , can you conclude that the population mean refund for "last minute" filers is less than the population mean refund for early filers? yes or no d. Repeat the preceding hypothesis test using the critical value approach. Using a=0.05 what is the critical value for the test statistic (to 3 decimals)? Enter negative value as negative number. State the rejection rule: Reject if is the critical value. choices: greater than or equal to, greater…
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?" In a recent year, 1079 respondents answered both questions. The summary statistics are given in the chart below. (The sample data consist of the times, in hours per week, that were given by the respondents.) Sample Sample Sample size Groups mean variance Less than h.s. High school Bachelor's 258 40.9 101.8 263 41.8 97.5 270 42.2 94.4 Graduate 288 43.0 98.7 Send data to calculator Send data to Excel To decide if there are any differences in the mean hours per week worked by these different groups, we can perform a one-way, independent-samples ANOVA test. Such a test uses the following statistic. Variation between the samples F= Variation within the samples For the data from…
According to the 2017 Corporate Travel Index compiled by Business Travel News, the average daily cost for business travel in the United States rose to $321 per day (Executive Travel website). The file Travel contains sample data for an analogous study on the estimated daily living costs for an executive traveling to various international cities. The estimates include a single room at a four- star hotel, beverages, breakfast, taxi fares, and incidental costs. Click on the datafile logo to reference the data. DATA file City Daily Living Cost ($) City Daily Living Cost ($) Bangkok 242.87 Мехico City 212.00 Bogota 260.93 Milan 284.08 Cairo 194.19 Mumbai 139.16 Dublin 260.76 Paris 436.72 Frankfurt 355.36 Rio de Janeiro 240.87 Hong Kong 346.32 Seoul 310.41 Johannesburg 165.37 Tel Aviv 223.73 Lima 250.08 Toronto 181.25 London 326.76 Warsaw 238.20 Madrid 283.56 Washington, D.C. 250.61 a. Compute the sample mean (to 2 decimals). 260.21 b. Compute the sample standard deviation (to 2 decimals). S…
Socially conscious investors screen out stocks of alcohol and tobacco makers, firms with poor environmental records, and companies with poor labor practices. Some examples of "good," socially conscious companies are Johnson and Johnson, Dell Computers, Bank of America, and Home Depot. The question is, are such stocks overpriced? One measure of value is the P/E, or price-to-earnings ratio. High P/E ratios may indicate a stock is overpriced. For the S&P Stock Index of all major stocks, the mean P/E ratio is ? = 19.4. A random sample of 36 "socially conscious" stocks gave a P/E ratio sample mean of x = 17.8, with sample standard deviation s = 5.8. Does this indicate that the mean P/E ratio of all socially conscious stocks is different (either way) from the mean P/E ratio of the S&P Stock Index? Use ? = 0.05. I need help with sketching (d) and (e)
A J.D. Power and Associates vehicle quality survey asked new owners a variety of questions about their recently purchased automobile. One question asked for the owner's rating of the vehicle using categorical responses of average, outstanding, and exceptional. Another question asked for the owner's education level with the categorical responses some high school, high school graduate, some college, and college graduate. Assume the sample data below are for 500 owners who had recently purchased an automobile. Education Quality Rating Some HS HS Grad Some College College Grad Average 30 30 20 60 Outstanding 50 50 50 90 Exceptional 20 20 30 50 a. Use a 0.05 level of significance and a test of independence to determine if a new owner's vehicle quality rating is independent of the owner's education. Compute the value of the x test statistic (to 2 decimals). Use Table 3 of Appendix B to find the p-value. The p-value is - Select your answer - What is your conclusion? - Select your answer - v…
Does the type of instruction in a college statistics class (either lecture or self-paced) influence students’ performance, as measured by the number of quizzes successfully completed during the semester? Twelve students were recruited for the study. Students received the lecture instruction or a self-paced instruction. The total number of quizzes completed during teach type of instruction appear below.
A newspaper infographic titled "Social Media Jeopardizing Your Job?" summarized data from a survey of 1,800 recruiters and human resource professionals. The infographic indicated that 51% of the people surveyed had reconsidered a job candidate based on his or her social media profile. Assume that the sample is representative of the population of recruiters and human resource professionals in the United States.Use the given information to estimate the proportion of recruiters and human resource professionals who have reconsidered a job candidate based on his or her social media profile using a 95% confidence interval. (Use a table or technology. Round your answers to three decimal places.)
Several studies showed that after eating a low-fat cereal for two meals a day, subjects had lost some weight.A cereal companyfinanced this research. Identify what is wrong. Choose the correct answer below. A. Since the research is composed of voluntary response samples, there may be key data points missing. B. The data used in the studies is not reliable because it was not measured by the administrator. C. It is questionable that the sponsor is a cereal company because this sponsor can be greatly affected by the conclusion. D. It is not possible to take accurate measurements.
The price per share of stock for a sample of 25 companies was recorded at the beginning of the first financial quarter and then again at the end of the first financial quarter. How stocks perform during the first financial quarter is an indicator of what is ahead for the stock market and the economy. Company End of 1st quarter Beginning of 1st quarter Bank of New York Mellon 54.19 53.82 Kraft Foods 55.70 77.02 E.I. du Pont de Nemours and Company 102.57 109.00 Consolidated Edison 79.95 83.58 Johnson & Johnson 126.01 139.23 Union Pacific 132.73 135.78 Comcast 32.06 41.07 Applied Materials 50.91 53.04 Pfizer 35.40 36.44 General Electric 14.05 17.98 AT&T 32.54 38.54 Cisco Systems 44.83 38.86 Home Depot 184.63 188.03 JP Morgan Chase 108.78 107.95 Procter & Gamble 71.96 90.65 Verizon 48.82 53.53 Devon Energy 36.20 42.23 Lilly 79.07 84.68 Microsoft 95.00 85.95 Coca Cola 42.59 45.59 Qualcomm 50.82 65.20 Exxon Mobil Corporation 76.95…

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