escThe FICO credit score is used by banks and other lenders to determine whether someone is a good credit risk. Scoresrange from 300 to 859 with a score of 720 or more indicating a very good credit score. An economist wants todetermine whether the mean FICO score is lower than the cutoff of 720. She finds that a random sample of 100 peoplehad a mean FICO score of 703. If the population standard deviation is 92, can the economist conclude that the meanFICO score is less than 720? Let a = 0.05Ialt089AE39aN2W↑SXeCdC$4f%5t6.0וום6JARAG8byh&7nu0jk9OaltРctrl{[?1backspace< >ег 4Find the P valueRound your answer to the nearest thousandthC4OllBABAB6$%VI5Bft8byh7nAU8EkOLaltP

Answered: The FICO credit score is used by banks…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Similar questions

According to the U.S. Census, the average adult woman is the United States is 65 inches tall and the standard deviation is 3 inches. If Zsike is 67 inches tall, what is her z-score?
The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…
The average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants in New Mexico is different than the worldwide average. She surveys 18 restaurants in New Mexico and finds the following data (in millions of dollars): 2.1, 2, 2.9, 1.7, 1.8, 2.3, 2.1, 2.1, 3.3, 1.4, 1.6, 1.4, 1.4, 2.3, 2.6, 2.7, 2.7, 1.7 Perform a hypothesis test using a 8% level of significance. Step 1: State the null and alternative hypotheses. Ho: pv 2.4 Ha: Ev 2.4 (So we will be performing a two-tailed test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are normally distributed v with and distribution standard deviation distribution mean Step 3: Find the p-value of the point estimate. P(zv [ p-value = Step 4: Make a Conclusion About the…
A person in the U.S. eats about 25 pounds of M&M's per year with a standard deviation of 3 pounds. How many M&M's would I have to eat to be in the top 20%?
The average McDonald's restaurant generates $3.3 million in sales each year with a standard deviation of 0.8. Skyler wants to know if the average sales generated by McDonald's restaurants in North Carolina is different than the worldwide average. He surveys 25 restaurants in North Carolina and finds the following data (in millions of dollars): 2.3, 0.9, 2.2, 2.8, 3.1, 3.1, 2.3, 2.6, 2.7, 2.7, 3.1, 3.9, 4.1, 4, 4.5, 1.8, 4.3, 2.7, 3.9, 3.5, 3.2, 1.7, 3.5, 2.9, 2.1 Perform a hypothesis test using a 4% level of significance. Step 1: State the null and alternative hypotheses. Но: ? ? v Ha: ? v (So we will be performing a Select an answer v test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v P(? v…
The college board reports that in a recent year, the mean mathematics SAT score was 514, and the standard deviation was 118. A sample of 65 scores is chosen. Find the 98th percentile of the sample mean.
An incoming MBA student took placement exams in economics and mathematics. In economics, she scored 82 and in math 89. The overall results on the economics exam had a mean of 70 and a standard deviation of 7, while the mean math score was 69, with a standard deviation of 10. On which exam did she do better compared with the other students?
An environmental researcher took 30 water samples from different areas of a lake. He measured the pH level of each water sample. The standard deviation for the 30 pH levels was about 1.4.What is the best interpretation of the standard deviation? The pH level of a typical water sample was about 1.4 units from the mean on average. The difference between the minimum and maximum pH levels was about 1.4 units. The entire lake had a pH level that was about 1.4 units. The pH level of any given water sample was about 1.4 units from the mean. - this one is wrong
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
on a nationwide math test,the mean was 63 and the standard deviation was 7. if roberto scored 75,what was his z-score?
The average McDonald's restaurant generates $2.6 million in sales each year with a standard deviation of 1. Tatiana wants to know if the average sales generated by McDonald's restaurants in Alaska is different than the worldwide average. She surveys 25 restaurants in Alaska and finds the following data (in millions of dollars):3.2, 1.8, 0.9, 3.2, 3.6, 1.7, 4.2, 2, 3.1, 3.9, 3, 2.9, 2.5, 3.5, 3, 3, 2.4, 5, 3.8, 0.9, 2.2, 2.4, 2.6, 2.8, 3.3Perform a hypothesis test using a 10% level of significance. Find the pp-value of the point estimate. P(p( <or > )= P(z<)=P( ? )=)=? p value =?pp-value==

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