In a study of consumer credits, 22 randomly selected credit holders were surveyed, and the mean amount of credit in the past year was found to be $2450 and the standard deviation of $320. Use significance level α=0.05 to test that the mean is greater than $2300.
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In a study of consumer credits, 22 randomly selected credit holders were surveyed, and
the mean amount of credit in the past year was found to be $2450 and the standard
deviation of $320. Use significance level α=0.05 to test that the mean is greater than $2300.
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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 708.2. 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 31 high-income individuals and found the sample mean credit score to be 723.3 with a standard deviation of 80.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α = 0.05 level of significance. C State the null and alternative hypotheses. Ho: HY H₁: (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. the null hypothesis.…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…Which of these experimental designs has the most statistical power (is more likely to show a true difference between 2 treatment conditions)? A. Between-Subjects B. Descriptive Study C. Correlational Study D. Within-Subjects
- An environmental group conducted a study to determine whether crows in a certain region were ingesting food containing unhealthy levels of lead. A biologist classified lead levels greater than 6.0 parts per million (ppm) as unhealthy and that the distribution of the population of crows was Normally distributed. The lead levels of a random sample of 23 crows in the region were measured and recorded. The mean lead level of the 23 crows in the sample was 4.90 ppm and the standard deviation was 1.12 ppm. a. Construct and interpret a 90 percent confidence interval for the mean lead level of crows in the region.A software company is interested in improving customer satisfaction rate from the 60% currently claimed. The company sponsored a survey of 148 customers and found that 95 customers were satisfied. What is the test statistic z?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.)
- The average amount of weight loss, in pounds, by 15 participants in a six-month weight-reduction program is 24.1 pounds. The median weight loss for these participants is 26.4 pounds. Using the empirical relationship among mean, median, and mode, estimate the mode and comment on the skewness of the distribution.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 708.5. 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 43 high-income individuals and found the sample mean credit score to be 723.3 with a standard deviation of 84.6. 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.) Make a conclusion regarding the hypothesis. the null hypothesis. There…According to previous studies, the mean distance each visitor in Greenspan National Park hikes during their visit is 21 kilometers. The park recently closed its shuttle system, which used to transport hikers to many of the park's most popular hiking trails. Because of this, an administrator at the park suspects the mean distance, u, is now less than 21 kilometers. The administrator chooses a random sample of 85 visitors. The mean distance hiked for the sample is 20.5 kilometers. Assume the population standard deviation is 8.3 kilometers. Can the administrator conclude that the mean distance hiked by each visitor is now less than 21 kilometers? Perform a hypothesis test, using the 0.10 level of significance. (a) State the null hypothesis H and the alternative hypothesis H . H: 0 OA company claims that less than 30% of people who both work and live in Newcastle. A study revealed that among a random sample of 200 people working in Newcastle, 62 also lived in Newcastle. Does the sample support the company’s claim? Use a level of significance of 0.01.A software company is interested in improving customer satisfaction rate from the 75% currently claimed. The company sponsored a survey of 182 customers and found that 144 customers were satisfied. What is the test statistic z?