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Credit scores are used by banks, financial institutions, and retailers to determine one's trustworthiness, and their ability to pay their credit card, when he/she is
Credit scores are used by banks, financial institutions, and retailers to determine one's trustworthiness, and their ability to pay their credit card, when he/she is given a credit card. The higher the credit score, the better the credit (and the more financially trustworthy) a consumer is. In light of the current economic downturn, an economist claims that the credit score of Canadians between the ages of 25 to 40 has remained the same. Prior to the current economic downturn, the mean credit score for Canadians between the ages of 25 to 40 was 693, A random sample of n = 20 Canadians between the ages of 25 to 40 was taken, the mean was found to be 664, with a standard deviation of 36.2. (a) Choose the correct statistical hypotheses. A. Ho: M 2 693 HAM 693, HA : X 693, HA : 1
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