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what is the t statistics what is the p value 10.3.17-T Question Help A credit score is used by credit agencies (such as mortgage companies

what is the t statistics

what is the p value

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10.3.17-T Question Help A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 708.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 42 high-income individuals and found the sample mean credit score to be 721.9 with a standard deviation of 80.6. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H H1 : H (Type integers or decimals. Do not round.)

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