Excel output: The credit scores for 12 randomly selected adults who are considered high risk barrowers before and two years after they attend a personal finance seminar are given in Excel file under CREDIT SCORE sheet.  You will run a significance test to check if there is enough evidence to support the claim that the personal finance seminar helps adults increase their credit scores.  You’ll use α = 0.01 for significance test.  a) What is the critical value at the 0.01 level of significance?  Be sure and include whether this critical value is a z or t value and, if appropriate, include the degrees of freedom associated with this statistical test.

Np Ms Office 365/Excel 2016 I Ntermed
1st Edition
ISBN:9781337508841
Author:Carey
Publisher:Carey
Chapter3: Performing Calculations With Formulas And Functions
Section: Chapter Questions
Problem 3.9CP
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Excel output:

The credit scores for 12 randomly selected adults who are considered high risk barrowers before and two years after they attend a personal finance seminar are given in Excel file under CREDIT SCORE sheet. 

You will run a significance test to check if there is enough evidence to support the claim that the personal finance seminar helps adults increase their credit scores. 

You’ll use α = 0.01 for significance test. 

a) What is the critical value at the 0.01 level of significance?  Be sure and include whether this critical value is a z or t value and, if appropriate, include the degrees of freedom associated with this statistical test.

 

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