Question
A particular bank requires a credit score of 591 to get approvedfor a loan. After taking a sample of 194 customers, the bank findsthe 95%
A particular bank requires a credit score of 591 to get approvedfor a loan. After taking a sample of 194 customers, the bank findsthe 95% confidence interval for the mean credit score is:
604 < ?? < 692
Can we be reasonably sure that a majority of people will have acredit score over 591 and be able to get the loan?
- Yes
- No
Why or why not?
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No we cannot be reasonably sure that a majority of people will have a credit score over 591 and be a...
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Probability And Statistics For Engineering And The Sciences
Authors: Jay L. Devore
9th Edition
1305251806, 978-1305251809
