Suppose Bank of America would like to investigate if the credit score and income level of an individual are independent of one another. Bank of America selecteda random sample of 400 adults and asked them to report their credit score range and their income range. The following contingency table presents these results.Credit ScoreClassLess than 650650-750More than 750Income < $50,000293123$50,000 < Income < $100,00056442$100,000 < Income < $150,000553031Income 2 $150,000283329The expected number of individuals with income between $50,000 and $100,000 and a credit score less than 650 is Multiple Cholce16.318.823.832.5

Answered: Suppose Bank of America would like to…

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

The following table shows some data from a study on substance use among 10th graders in the United States and Europe. Smoked Cigarettes Cigarette-Free Totals U.S. 14,000 Europe 96,000 Total 71,210 110,000
A samll town installed a Blue streetlights, in part, to help reduce crime in particular areas. The city collected the number of property crimes along nine randomly selected streets in the month before and after the Blue light installation, and claims that crime has been reduced.The number of crime data is shown in the table. No before Blue Light After Blue Light 1 17 14 2 25 20 3 10 14 4 14 12 5 16 8 6 34 35 7 32 27 8 21 18 9 14 12 a. Specify the competing hypotheses to test the s,all town's claim.b. Calculate the value of the relevant test statistic and find the critical value at the 5% significance level.c. Does the evidence support the small town's claim at the 5% significance level?
3. Calculate mean and median of the following. Income (Rs) 10-20 20-30 30-40 40-50 50-60 60–70 No. of workers: 15 20 20 10 5
How do the average weekly incomes of electricians and carpenters compare? A random sample of 17 regions in the United States gave the following information about average weekly income (in dollars). (Reference: U.S. Department of Labor, Bureau of Labor Statistics.) Region 1 2 3 4 5 6 7 8 9 Electricians 464 715 597 464 736 694 744 571 806 Carpenters 542 813 513 476 688 503 789 653 474 Region 10 11 12 13 14 15 16 17 Electricians 592 594 702 579 868 598 597 654 Carpenters 489 647 676 384 817 605 556 505 Does this information indicate a difference (either way) in the average weekly incomes of electricians compared to those of carpenters? Use a 5% level of significance. (a) What is the level of significance? (b) Compute the sample test statistic. (c) Find the P-value of the sample test statistic.
The table below shows the auto insurance quotes for two leading companies for a sample of 15 families. Assume the populations SDs are similar, but unknown. The President of the American Insurance Institute wants to compare the yearly costs of such insurance offered by the two companies. At the 0.10 level of significance, can we conclude that there is a difference in the amounts quoted? Families Southern Car American Mutual ($) ($) 1 2090 1610 2 1683 1247 3 1402 2327 4 1830 1367 5 930 1461 6 697 1789 7 1741 1621 8 1129 1914 9 1018 1956 10 1881 1772 11 1571 1375 12 874 1527 13 1579 1767 14 1577 1636 15 860 1188
2. This table shows the mean and median total cash income for married-couple households (including wages, public assistance, interest/dividends, Social Security, pensions, etc.), by race and Hispanic origin. a apaa Median Household Mean Household Income ($) Income ($) Asian 110,453 78,010 66,893 110,138 145,948 Black 97,667 Hispanic White, non-Hispanic 88,450 129,142 a. Pick one group and interpret the median and the mean. b. For each group, how do the mean and the median compare? Explain why you think this must be the case.
A sample of 349 students at a university is surveyed. The students are classified according to gender ("female" or "male"). They are also classified according to major ("biology", "business", "engineering", "mathematics", or "computer science"). The results are given in the contingency table below. Biology Business Engineering Mathematics Computer science Female 40 24 33 44 32 Male 29 35 32 37 43 What is the relative frequency of female students in the sample? Round your answer to two decimal places. 0 X S ?
3. Travelers who have no intention of showing up often fail to cancel their hotel reservations in a timely manner. These travelers are known, in the parlance of the hospitality trade, as "no-shows". To protect against no-shows and late cancellations, hotels invariably overbook rooms. A recent study examined the problems of over-booking rooms in the hotel industry. The following data, extracted from the study represent the daily numbers of late cancellations and no-shows for a random sample of 10 days at a hotel: 18, 16, 16, 16, 14, 18, 16, 18, 14, 19. c) Count the number of measurements that actually fall within the interval(-28, +2s) and express the interval count as a percentage of total number of measurements. at least 75% 100% 68% 95%
This table represents the first 8 observations from a sample of 200 individuals, who reported their age, race, income, and job satisfaction score on a scale from 0 to 100. Age W Race Income Score less than $10,000 $20,000-23,000 more than $100,000 84 $30,000-40,000 $10,000-20,000 $40,000-50,000 $50,000-60,000 less than $10,000 21 29 33 В 32 41 В 26 A 78 22 87 19 A 42 34 W 21 26 W 91

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