A sample of 6 credit ratings for car loan applicants has a mean of 602 and a variance of 4356. Use the data toconstruct a 90% confidence interval for the population standard deviation of credit scores for all applicantsfor car loans. What is the Best point estimate and Include the written statement

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 7PPS
icon
Related questions
Topic Video
Question

A sample of 6 credit ratings for car loan applicants has a mean of 602 and a variance of 4356. Use the data to
construct a 90% confidence interval for the population standard deviation of credit scores for all applicants
for car loans. What is the Best point estimate and Include the written statement

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill