A credit score is used by credit agencies such as mortgage companies and banks to...
70.2K
Verified Solution
Link Copied!
Question
Statistics
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 709 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 33 high income individuals and found the sample mean credit score to be 728 9 with a standard deviation of 82 5 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 Hoi H Y Tyne integers or decimals Do not round
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
