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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