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Homework: Ch '10 HW: One Question 25' 103-111 HW Score: 83.63%, 23.43 of > 23 points Sample Hypothesis Test 30 @ Points: I15 0f1 Acredlt
Homework: Ch '10 HW: One Question 25' 103-111 HW Score: 83.63%, 23.43 of > 23 points Sample Hypothesis Test \"\"30\" @ Points: I15 0f1 Acredlt score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness ofindlviduals. I|.I'alues range from 300 to 850, ' with a credit score over mu considered to be a quality credit risk. According to a survey, the mean credit score is ?09.8. Acredlt analvst wondered whether highincome individuals [incomes in excess of $100,000 per year} had higher credit scores. He obtained a random sample cl 3? highincome individuals and found the sample mean credit score to be 729.? with a standard deviation of 80.9. Conduct the appropriate test to determine if highincome individuals have higher credit scores at the I: = 0.05 level of signicance. State the null and alternative hypotheses. HO: p = 709.8 HI: p > 709.8 (Type integers or decimals. Do not round.) Identify.[ the tstatistic. t0 = 1.50 (Round to two decimal places as needed.) Identityr the Pvalue. P-value= D {Round to three decimal places as needed.)
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