A credit union advertises that recipients of their home equity loans have an average credit score of only 620. A skeptical consumer claims that the average credit score of home equity loan holders from this particular credit union is higher than that. She wishes to test this claim at the α=0.10α=0.10 level of significance. (Round your results to three decimal places) Which would be correct hypotheses for this test? H0:μ=620H0:μ=620, H1:μ>620H1:μ>620 H0:μ≠620H0:μ≠620, H1:μ=620H1:μ=620 H0:μ=620H0:μ=620, H1:μ<620H1:μ<620 H0:μ<620H0:μ<620, H1:μ=620H1:μ=620 H0:μ=620H0:μ=620, H1:μ≠620H1:μ≠620 A random sample of 43 loan recipients had an average credit score of 625, with a standard deviation of 6.6. Find the test statistic (round 2 decimal places): Give the P-value (round 4 decimal places - if less than 0.001 answer 0):
A credit union advertises that recipients of their home equity loans have an average credit score of only 620. A skeptical consumer claims that the average credit score of home equity loan holders from this particular credit union is higher than that. She wishes to test this claim at the α=0.10α=0.10 level of significance. (Round your results to three decimal places) Which would be correct hypotheses for this test? H0:μ=620H0:μ=620, H1:μ>620H1:μ>620 H0:μ≠620H0:μ≠620, H1:μ=620H1:μ=620 H0:μ=620H0:μ=620, H1:μ<620H1:μ<620 H0:μ<620H0:μ<620, H1:μ=620H1:μ=620 H0:μ=620H0:μ=620, H1:μ≠620H1:μ≠620 A random sample of 43 loan recipients had an average credit score of 625, with a standard deviation of 6.6. Find the test statistic (round 2 decimal places): Give the P-value (round 4 decimal places - if less than 0.001 answer 0):
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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A credit union advertises that recipients of their home equity loans have an average credit score of only 620. A skeptical consumer claims that the average credit score of home equity loan holders from this particular credit union is higher than that. She wishes to test this claim at the α=0.10α=0.10 level of significance. (Round your results to three decimal places)
Which would be correct hypotheses for this test?
- H0:μ=620H0:μ=620, H1:μ>620H1:μ>620
- H0:μ≠620H0:μ≠620, H1:μ=620H1:μ=620
- H0:μ=620H0:μ=620, H1:μ<620H1:μ<620
- H0:μ<620H0:μ<620, H1:μ=620H1:μ=620
- H0:μ=620H0:μ=620, H1:μ≠620H1:μ≠620
A random sample of 43 loan recipients had an average credit score of 625, with a standard deviation of 6.6.
Find the test statistic (round 2 decimal places):
Give the P-value (round 4 decimal places - if less than 0.001 answer 0):
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