There is a 99.55% chance that a sample will have a z-score lower than 0.01 0.02 0.03 2.50.99380.99400.99410.9943 2.60.99530.99550.99560.9957 2.70.99650.99660.99670.9968 2.80.99740.99750.99760.9977 2.90.99810.99820.99820.9983 0.0 O 2.71 O 2.61 О 260 О 262
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- A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 700.4. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 34 high-income individuals and found the sample mean credit score to be 716.2 with a standard deviation of 81.1. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. Identify the P-value. P-value = (Round to three decimal places as needed.) Help me solve this View an example Get more help . Check answer Clear all Type here to search O H Di 0 $ (?) 4:13 PM 6/18/2022 R T 6 a 96°F Sunny AA credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 700.1. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 45 high-income individuals and found the sample mean credit score to be 713.4 with a standard deviation of 84.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) e%3D Make a conclusion regarding the hypothesis. the null hypothesis. There…A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 36 high-income individuals and found the sample mean credit score to be 714.9 with a standard deviation of 81.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H V H1: H V (Type integers or decimals. Do not round.) Identify the t-statistic. to (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. V the null hypothesis.…
- The height of women ages 20-29 is normally distributed, with a mean of 64.9 inches. Assume σ=2.4 inches. Are you more likely to randomly select 1 woman with a height less than 66.8 inches or are you more likely to select a sample of 14 women with a mean height less than 66.8 inches? Explain.A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 710.6. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 48 high-income individuals and found the sample mean credit score to be 723.6 with a standard deviation of 81.2. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.10 level of significance. Click the icon to view the table of critical t-values. State the null and alternative hypotheses. Fill in the correct answers below. Ho: Hyi H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Approximate the P-value. The P-value is in the range Make…A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.9. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 33 high-income individuals and found the sample mean credit score to be 717.9 with a standard deviation of 83.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the g = 0.05 level of significance. State the null and alternative hypotheses. Ho: µ 704.9 H1: µ > 704.9 (Type integers or decimals. Do not round.) Identify the t-statistic, to = (Round to two decimal places as needed.)
- In a sample of 351 gamers between the ages of 16-25, the mean number of hours spent gaming per week was 42.5 hours. In a sample of 269 gamers between the ages of 26-40, the mean number of hours spent gaming per week was 43.8 hours. If the population standard deviation for the mean number of hours spent gaming per week is 9.5 for the age group 16-25 and 10.7 for the age group 26-40, test the claim that gamers between the ages of 16-25 spend less time gaming per week than gamers between the ages of 26-40. Assume α=0.03. Let population 1 be gamers in the age group 16-25 and population 2 be gamers in the age group 26-40. Round the test statistic to two decimal places, and round the p-value to four decimal places. The test statistic is . The p-value is . Should the null hypothesis be rejected?What is the probability that a sample will have a z-score of more than 2.90? Z 0.0 2.50.99380.99400.99410.9943 2.60.99530.99550.99560.9957 2.70.99650.99660.99670.9968 2.80.99740.99750.99760.9977 2.90.99810.99820.99820.9983 0.01 0.02 0.03 99.81% O 0.19% 19.00% 0.9981% ere to search F7 F8 F9 F10 E3 F4 F5 F6 2$ % 6 7 8 9 2 3 W RA credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 708.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 43 high-income individuals and found the sample mean credit score to be 723.3 with a standard deviation of 84.6. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. the null hypothesis. There…
