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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

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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 709.2. 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 42 high-income individuals and found the sample mean credit score to be 719.3 with a standard deviation of 80.2. 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:p| V|[ ] Hyip D (Type integers or decimals. Do not round.) Identify the t-statistic. ty=| | (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. E' the null hypothesis. There E] sufficient evidence to claim that the mean credit score

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