13. Credit Rating When consumers apply for credit, their credit is rated using FICO (Fair, Isaac, and

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13. Credit Rating When consumers apply for credit, their credit is rated using FICO

(Fair, Isaac, and Company) scores. Credit ratings are given below for a sample of applicants for car loans, and these applicants are all from a new branch of the Bank of Newport. Use the sample data to test the claim that these credit ratings are from a population with a standard deviation different from 83, which is the standard deviation for applicants from the main bank. Use a 0.05 significance level. Based on the results, do applicants from the branch appear to have credit ratings that vary more than those at the main bank?

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Elementary Statistics

ISBN: 9780321331830

10th Edition

Authors: Mario F. Triola

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