Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help 13 and 14 Question 13 0/1 pt 5 10 - 99 0 Details A Fair Isaac Corporation (FICO) score is used by credit

Please help 13 and 14

image text in transcribed
Question 13 0/1 pt 5 10 - 99 0 Details A Fair Isaac Corporation (FICO) score is used by credit agencies such as banks to determine whether to lend money and the interest rate to charge. Its value ranges from 300 to 850 and if you have a score over 700, you are considered to be a "quality" credit risk. The mean credit score of average income earners in California is estimated by Fair Isaac to be 596. A recent survey of 22 high income earners in California had a mean FICO score of =616 and a standard deviation of s=31. Use a 0.1 significance level to test the claim that the mean FICO score of high income earners in California is equal to 596, the mean score of average income earners in California. Claim: Select an answer | which corresponds to |Select an answer v Opposite: Select an answer v | which corresponds to Select an answer for The test is: Select an answer v The test statistic is: Select an answer v Identify the range of the p-value: Select an answer Based on this we: Select an answer Conclusion There Select an answer v | appear to be enough evidence to support the claim that the mean FICO score of high income earners in California is equal to 596, the mean score of average income earners in California. Submit Question Question 14 _0/1 pt 9 10 2 99 @ Details NBC claims that viewers spend a daily average of 128.4 minutes watching their content. An advertiser wants to verify this and conducts a poll of 21 random viewers who claim to watch NBC. The poll showed that this group spends a daily average of 109.2 minutes watching NBC with a standard deviation of 82 minutes. Use a 0.005 significance level to test the claim that the daily average amount of time NBC viewers watch NBC is less than 128.4 minutes, the average amount claimed by NBC.. Claim: Select an answer |which corresponds to Select an answer v Opposite: Select an answer | which corresponds to |Select an answer v The test is: Select an answer v The test statistic is: Select an answer The Critical Value is: Select an answer Based on this we: Select an answer Conclusion There | Select an answer | appear to be enough evidence to support the claim that the daily average amount of time NBC viewers watch NBC is less than 128.4 minutes, the average amount claimed by NBC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Graphical Approach To College Algebra

Authors: John E Hornsby, Gary K Rockswold, Margaret K Lial

5th Edition

0321908260, 9780321908261

More Books

Students also viewed these Mathematics questions

Question

What does this look like?

Answered: 1 week ago