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A credit score 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 33 high-income individuals and found the sample mean credit score to be 726.1 with a standard deviation of 82.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. 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 State the null and alternative hypotheses Ho:H = 707.9 H:H > 707.9 (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.)

A credit score 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 33 high-income individuals and found the sample mean credit score to be 726.1 with a standard deviation of 82.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. 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 State the null and alternative hypotheses Ho:H = 707.9 H:H > 707.9 (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
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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  • Identify the T statistic
  • What is 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 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 33 high-income individuals and found the sample mean credit score to be 726.1 with a standard deviation of 82.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the ¤ = 0.05 level of significance. ..... State the null and alternative hypotheses. Ho: H 707.9 = H1: µ > (Type integers or decimals. Do not round.) 707.9 Identify the t-statistic. to = (Round to two decimal places as needed.)
Transcribed Image Text: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 33 high-income individuals and found the sample mean credit score to be 726.1 with a standard deviation of 82.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the ¤ = 0.05 level of significance. ..... State the null and alternative hypotheses. Ho: H 707.9 = H1: µ > (Type integers or decimals. Do not round.) 707.9 Identify the t-statistic. to = (Round to two decimal places as needed.)
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