Good credit: The Fair Isaac Corporation (FICO) credit score is used by banks and other lenders to determine whether someone is a good credit risk. Scoresrange from 300 to 850, with a score of 720 or more indicating that a person is a very good credit risk. An economist wants to determine whether the mean FICOscore is more than the cutoff of 720. She finds that a random sample of 40 people had a mean FICO score of 760 with a standerd deviation of 95, Can theeconomist conclude that the mean FICO score is greater than 720? Use the a=0.01 level of significance and the P-value method with the T1-B4 Plus calculator.Part 1 of 4State the appropriate null and altemate hypotheses.HD-0H:This hypothesis test is a (Choose one)test.left-tailedright-tailedtwo-tailed

Answered: Image /qna-images/answer/98b99a4e-f312-4190-a0de-ac9e8cc43cb3.jpg

Answered: State the appropriate null and altemate…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Which can be used for hypothesis testing for matched data pairs? I test Sign test Signed-rank test O All of the above
Based on that information, determine the null and alternative hypotheses. Would this be a one-tailed hypothesis test or a two-tailed test?
Identify the null and the alternative hypothesis for this test choose the correct answer below The test statistic for the hypothesis test is Identify the P value for the hypothesis test
DECISION RULE For the following hypothesis test scenario, select the correct decision regarding the null hypothesis. Ho: p = .33 H1: p+.33 a= .10, p-value= .0950 Reject the null hypothesis O Do not reject the null hypothesis
In a(n) ________ test, the null hypothesis should be rejected when the test value is in either of the two critical regions. Explain.
Which of the following is not one of the four steps of the hypothesis test? State the null and alternative hypotheses about the population parameter Make a decision to reject or not reject the null hypothesis State the level of significance, choose a test, and check the conditions for the test All of the above are steps of the hypothesis test
Passed Failed o Results from a civil servant exam are shown in the table to the right. Is there sufficient evidence to support the claim that the results from the test are discriminatory? Use a 0.01 significance level. White 15 16 candidates Minority candidates 10 24 Determine the null and alternative hypotheses. O A. Hn: Awhite candidate is more likely to pass the test than a minority candidate H, A white candidate is not more likely to pass the test than a minority candidate. O B. Ho: White and minority candidates have the same chance of passing the test H,: White and minority candidates do not have the same chance of passing the test O C. Ho: White and minority candidates do not have the same chance of passing the test. H,: White and minority candidates have the same chance of passing the test. O D. Ho: Awhite candidate is not more likely to pass the test than a minority candidate. H: Awhite candidate is more likely to pass the test than a minority candidate. Determine the test…
Rock-paper-scissors is a hand game played by two or more people where players choose to sign either rock, paper, or scissors; with their hands. We would like to test if players choose between these three options randomly, or if certain options are favored above others. What hypothesis test should we conduct to answer this research question? Compare two means Compare two proportions Chi square test of independence Chi square test of goodness of fit
You play roulette and observe the ball land in the 1st dozen (i.e., 1-12) 5 times out of 5 spins. You want to perform a test to determine if the wheel is fair. State the null and alternative hypothesis. What is the p-value of this test? For ? α =.05 significance level, what do you conclude?
A one-tailed hypothesis test of the population proportion is used when the alternative hypothesis takes the form H₂:P #Po. Select one: True False
Statistics is not about getting accurate results. It is about Finding sufficient evidence to prove that your null hypothesis (Ho) is correct Gathering data about the population Finding sufficient evidence to prove that your null hypothesis statement is wrong
A university has decided to introduce the use of plus and minus grading as long as there is evidence that 60% of the faculty is in support of this change. Write an appropriate null hypothesis and alternate hypothesis to test if the proportion is greater than 60%.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

State the appropriate null and altemate hypotheses. Ho This hypothesis test is a (Choose one) test. left-tailed right-tailed two-tailed