Question 8A national study report indicated that 20.9% of Americans were identified as having medical bill financial issues. What if a newsorganization randomly sampled 400 Americans from 10 cities and found that 90 reported having such difficulty. A test was done toinvestigate whether the problem is MORE SEVERE among these cities. What is the CRITICAL VALUE (C.V.) for this situation given alevel of significance of a = 0.05?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.a-1.6451.645-1.96d.1.96a SaveUnanswered

For the given data Find Critical value =?

Answered: A national study report indicated that…

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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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 700.1. 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 45 high-income individuals and found the sample mean credit score to be 713.4 with a standard deviation of 84.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) e%3D Make a conclusion regarding the hypothesis. the null hypothesis. There…
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 704.5. 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 36 high-income individuals and found the sample mean credit score to be 714.9 with a standard deviation of 81.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H V H1: H V (Type integers or decimals. Do not round.) Identify the t-statistic. to (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. V the null hypothesis.…
In 2001, the polls found that 81% of American adults believed that there was a conspiracy in the death of President Kennedy. Assume a recent poll asked 1160 American adults if they believe there was a conspiracy in the assassination and it found that 897 believe there was a conspiracy. Does the data show that the proportion of Americans who believe in this conspiracy is now lower? Test at the 9% level. What is the correct parameter symbol for this problem? What is the wording of the parameter in the context of this problem? Fill in the correct null and alternative hypotheses:
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 704.9. 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 717.9 with a standard deviation of 83.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the g = 0.05 level of significance. State the null and alternative hypotheses. Ho: µ 704.9 H1: µ > 704.9 (Type integers or decimals. Do not round.) Identify the t-statistic, to = (Round to two decimal places as needed.)
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claim that the mean IQ score of people With low blood lead levels is higher than the mean IQ score of people with high blood lead levels.
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In a data set with 25 scores, if the value 16 occurs 12 times, what is its relative frequency?
The Bureau of Alcohol, Tobacco, and Firearms (BATF) has been concerned about lead levels in California wines. In a previous testing of wine specimens, lead levels ranging from 51 to 750 parts per billion were recorded. How many wine specimens should be tested if the BATF wishes to estimate the true mean lead level for California wines to within 10 parts per billion with 95% confidence? (Round your answer up to the nearest whole number.)
A statistician changes her level of significance from .001 to .05. What impact will this change have on her risk of making a Type I and Type II error? Is the change in the level of significance a good decision? Why or why not?
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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 709.6. 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 39 high-income individuals and found the sample mean credit score to be 724.1 with a standard deviation of 81.5. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the g = 0.05 level of significance. State the null and alternative hypotheses. Ho: H = 709.6 H1: µ > 709.6 (Type integers or decimals. Do not round.) Identify the t-statistic. tn = (Round to two decimal places as needed.)

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