A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworth iness of indviduals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit nsk. According to a survey, the mean credit score is 703.7. A credit analyst wondered whether high-income ind viduals (incomes in excess of S100,000 per year) had higher credt scores. He obtained a random sample of 41 high-income individuals and found the sample mean credit score to be 716.9 with a standard deviation of 81 9 Cond.c: the aporopriale test to determine if highincome individuals have higher credit scores at the a=0.05 level af signficance State the null and alternative hypotheses H: ul (Type integers or decimals. Do not round) Identity the t-statistic to = Round to two decimal paces as needed) Identify the P-value P-value =(Round to three decimal places as needed) Make a conclusion regarding the hypothesis v the nuli hypothesis. There sufficient evidence to cla that the mean credi zcore nf hiar-income individua's is
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworth iness of indviduals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit nsk. According to a survey, the mean credit score is 703.7. A credit analyst wondered whether high-income ind viduals (incomes in excess of S100,000 per year) had higher credt scores. He obtained a random sample of 41 high-income individuals and found the sample mean credit score to be 716.9 with a standard deviation of 81 9 Cond.c: the aporopriale test to determine if highincome individuals have higher credit scores at the a=0.05 level af signficance State the null and alternative hypotheses H: ul (Type integers or decimals. Do not round) Identity the t-statistic to = Round to two decimal paces as needed) Identify the P-value P-value =(Round to three decimal places as needed) Make a conclusion regarding the hypothesis v the nuli hypothesis. There sufficient evidence to cla that the mean credi zcore nf hiar-income individua's 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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