redit Score 300 367 336 169 493 281 591 338 584 359 261 712 456 339 581 650 564 511 402 371 615 392 637 452 694 524 561 517 399 439 437 640 287 688 651 630 395 388 550 586 597 312 499 405 Scenario: Here is a dataset with data about credit card balances (Balance) and individual characteristics of the corresponding credit card holder. Use this data to answer the following questions. Age Sheet1 34 82 71 36 68 77 37 87 66 " 41 30 64 57 49 75 57 73 69 28 20 44 63 72 61 48 57 25 44 44 41 55 47 48 30 25 49 71 69 25 47 54 66 66 24 Education Student 11 No 15 Yes 11 No 11 No 16 No 10 No 13 M₂ 12 No 9 No 13 No 19 Yes 14 No 16 No 7 No 9 No 13 No 15 No 17 No 15 No 9 No M 9 No 16 No 17 No 10 No 8 No 15 No 16 No 12 Yes 16 No 14 No 16 No 5 No 16 No N₂ 13 No 10 No 14 No 12 Yes 11 No 9 No 10 No 14 No 14 No 15 Yes 13 No 14 No Question 1 Married Yes Yes No No Yes No T No No No Va Yes Yes No Var Yes Yes No Yes Yes Yes Yes No No No V Yes Yes No Yes No No Yes No Yes Yes T No Yes Yes No Yes Yes No Yes No Yes Yes Yes Question 2 Balance ************************¯¯¯ ``!! *°*°°********* 133 203 980 964 131 1551 203 872 279 750 750 1207 0 204 481 748 0 0 368 191 1248 89 968 0 411 671 654 467 1009 1115 863 526 419 762 1093 531 344 50 1155 385 976 Question 3 Number Question 4 1 2 3 1 2 3 Questions Question 1: Use a statistical test to determine if credit card balances are different between students and non-students. What is your null Hypothesis? Do you Reject or Fail to Reject? Show your work below and label that work Do students or non-students have higher credit card balances? Question 2: Do married people have better credit scores than unmarried people? What is your null Hypothesis? Do you Reject or Fail to Reject? Show your work below and label that work. Do students or non-students have higher credit card balances? Question 5 + Answer
redit Score 300 367 336 169 493 281 591 338 584 359 261 712 456 339 581 650 564 511 402 371 615 392 637 452 694 524 561 517 399 439 437 640 287 688 651 630 395 388 550 586 597 312 499 405 Scenario: Here is a dataset with data about credit card balances (Balance) and individual characteristics of the corresponding credit card holder. Use this data to answer the following questions. Age Sheet1 34 82 71 36 68 77 37 87 66 " 41 30 64 57 49 75 57 73 69 28 20 44 63 72 61 48 57 25 44 44 41 55 47 48 30 25 49 71 69 25 47 54 66 66 24 Education Student 11 No 15 Yes 11 No 11 No 16 No 10 No 13 M₂ 12 No 9 No 13 No 19 Yes 14 No 16 No 7 No 9 No 13 No 15 No 17 No 15 No 9 No M 9 No 16 No 17 No 10 No 8 No 15 No 16 No 12 Yes 16 No 14 No 16 No 5 No 16 No N₂ 13 No 10 No 14 No 12 Yes 11 No 9 No 10 No 14 No 14 No 15 Yes 13 No 14 No Question 1 Married Yes Yes No No Yes No T No No No Va Yes Yes No Var Yes Yes No Yes Yes Yes Yes No No No V Yes Yes No Yes No No Yes No Yes Yes T No Yes Yes No Yes Yes No Yes No Yes Yes Yes Question 2 Balance ************************¯¯¯ ``!! *°*°°********* 133 203 980 964 131 1551 203 872 279 750 750 1207 0 204 481 748 0 0 368 191 1248 89 968 0 411 671 654 467 1009 1115 863 526 419 762 1093 531 344 50 1155 385 976 Question 3 Number Question 4 1 2 3 1 2 3 Questions Question 1: Use a statistical test to determine if credit card balances are different between students and non-students. What is your null Hypothesis? Do you Reject or Fail to Reject? Show your work below and label that work Do students or non-students have higher credit card balances? Question 2: Do married people have better credit scores than unmarried people? What is your null Hypothesis? Do you Reject or Fail to Reject? Show your work below and label that work. Do students or non-students have higher credit card balances? Question 5 + Answer
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:redit Score
Ready
300
367
336
169
493
281
591
338
584
359
261
712
456
339
581
650
564
511
402
371
615
392
637
452
694
524
561
517
399
439
437
640
287
688
651
630
395
388
550
586
597
312
499
405
Scenario: Here is a dataset with data about credit card balances (Balance) and individual characteristics of the corresponding credit card holder. Use this data to answer the following questions.
Age
MENSEN MINIMONNON62
Sheet1
34
82
71
36
68
77
37
87
13 No
19 Yes
14 No
16 No
7 No
9 No
13 No
15 No
17 No
15 No
9 No
9 No
16 No
17 No
10 No
8 No
15 No
16 No
12 Yes
16 No
14 No
16 No
5 No
16 No
13 No
10 No
14 No
12 Yes
11 No
9 No
10 No
14 No
14 No
15 Yes
13 No
14 No
Question 1
Accessibility: Investigate
66
41
30
64
57
49
75
57
73
69
28
44
63
72
61
48
57
25
44
44
41
55
47
43
48
30
25
49
71
69
25
47
54
66
66
Education Student
11 No
15 Yes
11 No
11 No
16 No
10 No
12 No
9 No
24
135 52,652
Married
Yes
Yes
No
No
Yes
No
No
No
No
Yes
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
No
Yes
No
No
Yes
No
Yes
Yes
No
Yes
Yes
No
Yes
Yes
No
Yes
No
Yes
Yes
Yes
Question 2
Balance
133
203
980
964
131
1551
203
872
279
750
1207
0
204
481
748
0
0
368
191
1248
89
968
0
411
0
671
654
467
1009
1115
863
0
526
0
0
419
762
1093
531
344
50
1155
385
976
Question 3
DEC
5
Number
Question 4
3
1
2
3
1
2
3
Questions
Question 1: Use a statistical test to determine if credit card balances are different between students and non-students.
What is your null Hypothesis?
Do you Reject or Fail to Reject? Show your work below and label that work.
Do students or non-students have higher credit card balances?
Question 2: Do married people have better credit scores than unmarried people?
What is your null Hypothesis?
Do you Reject or Fail to Reject? Show your work below and label that work.
Do students or non-students have higher credit card balances?
Question 5
tv
66
A
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Answer
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Step 1: Write the given information.
VIEWStep 2: Perform hypothesis test to check if card balance are different between students and non students.
VIEWStep 3: Determine the test statistics and conclude the hypothesis test.
VIEWStep 4: Perform hypothesis test to check if married people have better credit score than unmarried people.
VIEWStep 5: Determine the test statistics and conclude the hypothesis test.
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