Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For the 22 high-interest mortgages, the borrowers had a mean FICO score of 728 and a standard deviation of 28. For the 30 low-interest mortgages, he borrowers had a mean FICO credit score of 750 and a standard deviaiton of 44. Test the claim that the mean FICO score of borrowers with high- interest mortgages is different than the mean FICO score of borrowers with low-interest mortgages at the 0.02 significance level. Claim: Select an answer v which corresponds to Select an ans yer v Select an answer Opposite: Select an answer v which corresponds HO: u 1žu 2 H1: p 1 µ 2 H1: p 1#p 2 Conclusion There Select an answer v appear to mean FICO score of borrowers with high-interes H0: u 1su 2 of borrowers with low-interest mortgages. ce to support the claim that the erent than the mean FICO score H1: p 1> p 2 Submit Question

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Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For
the 22 high-interest mortgages, the borrowers had a mean FICO score of 728 and a standard
deviation of 28. For the 30 low-interest mortgages, he borrowers had a mean FICO credit score of
750 and a standard deviaiton of 44. Test the claim that the mean FICO score of borrowers with high-
interest mortgages is different than the mean FICO score of borrowers with low-interest mortgages
at the 0.02 significance level.
Claim: Select an answer v which corresponds to Select an ans yer v
Select an answer
Opposite: Select an answer v which corresponds
H0: µ 1#µ 2
H1: u 1 < µ 2
The test is: Select an answer v
HO: p 1sp2
The test statistic is: t =
(to 2 decimals H0: H 1 = H 2
H1: u 1 u 2
The critical value is: +
(to 3 decimals)
H1: p 1<p 2
Based on this we: Select an answer
v H1: u 1 > u 2
H1: p 1#p 2
Conclusion There Select an answer v appear to
mean FICO score of borrowers with high-interes H0: p 1su 2
of borrowers with low-interest mortgages.
ce to support the claim that the
erent than the mean FICO score
H1: p 1> p 2
Submit Question
anything
立
Transcribed Image Text:Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For the 22 high-interest mortgages, the borrowers had a mean FICO score of 728 and a standard deviation of 28. For the 30 low-interest mortgages, he borrowers had a mean FICO credit score of 750 and a standard deviaiton of 44. Test the claim that the mean FICO score of borrowers with high- interest mortgages is different than the mean FICO score of borrowers with low-interest mortgages at the 0.02 significance level. Claim: Select an answer v which corresponds to Select an ans yer v Select an answer Opposite: Select an answer v which corresponds H0: µ 1#µ 2 H1: u 1 < µ 2 The test is: Select an answer v HO: p 1sp2 The test statistic is: t = (to 2 decimals H0: H 1 = H 2 H1: u 1 u 2 The critical value is: + (to 3 decimals) H1: p 1<p 2 Based on this we: Select an answer v H1: u 1 > u 2 H1: p 1#p 2 Conclusion There Select an answer v appear to mean FICO score of borrowers with high-interes H0: p 1su 2 of borrowers with low-interest mortgages. ce to support the claim that the erent than the mean FICO score H1: p 1> p 2 Submit Question anything 立
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