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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 occurs when the re a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 705.5. A credit analyst wondered whether high-income 24 of committing a Ty 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 721.3 with a standard deviation of 84.3. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the not committing a Typ a = 0.05 level of significance. m > Math > Statistics , | State the null and alternative hypotheses. Testing Flashca Ho:H H1 : H Y (Type integers or decimals. Do not round.) Identify the t-statistic. o ask : to =(Round to two decimal places as needed.) mean to make a Ty Identify the P-value. P-value = (Round to three decimal places as needed.) to the probability o Make a conclusion regarding the hypothesis. the null hypothesis. There sufficient evidence to claim that the mean credit score of high-income individuals is m > ... > Statistics > Hyp Chapter 10 Flas equal to I error only occurs wi king this type of error less than g: 5 . 3 reviews greater than

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