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... Good credit: The Fair Isaac Corporation (FICO) credit score is used by banks and other lenders to determine whether someone is a good credit

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Good credit: The Fair Isaac Corporation (FICO) credit score is used by banks and other lenders to determine whether someone is a good credit risk. Scores range from 300 to 850, with a score of 720 or more indicating that a person is a very good credit risk. An economist wants to determine whether the mean FICO score is lower than the cutoff of 720. She finds that a random sample of 60 people had a mean FICO score of 695 with a standard deviation of 65. Can the economist conclude that the mean FICO score is less than 720? Use the (1:0.05 level of signicance and the P-value method with the TI-84 Plus calculator. Part: 0/4 nn1w4 State the appropriate null and alternate hypotheses. H : 0 DD D=D This hypothesis test is a (Choose one) V test. left-tailed right-tailed two-tailed

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