Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A simple random sample of FICO credit rating score is obtained, and the score are listed below. As of this writing , the mean FICO score was reported to be 678. Assuming that the standard deviation of all FICO score is know to be 56.3, use 0.05 significance level to test the claim that this sample FICO scores come from a population with a mean equal to 678. 714 751 664 789 818 779 698 836 753 834 693 802

Identify :

null hypothesis

alternative hypothesis

test statistic:

P-value or critical values:

Conclusion about the null hypothesis:

Final conclusion that addresses the original claim:

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91002126

Have any Question?


Related Questions in Statistics and Probability

If a coin is tossed 5times and then a standard six-sided

If a coin is tossed 5times, and then a standard six-sided die is rolled 2 times, and finally a group of two cards are drawn from a standard deck of 52 cards without replacement, how many different outcomes are possible?

1 if there are 150 values in a data set how many classes

1) If there are 150 values in a data set, how many classes should be created for a frequency histogram?  A. 5 B. 6 C. 7 D. 8 E. 9 2) . If x is a binomial random variable where n = 100 and p = 0.2, find the probability th ...

A bond that makes payments in a certain currency contains

A bond that makes payments in a certain currency contains the risk of holding that currency and so is priced according to the yields of similar bonds in that currency.

Consider the following cash flowsyear cash flow0 -59001

Consider the following cash flows: Year Cash Flow 0 -$5,900 1 2,000 2 2,700 3 1,500 4 900 What is the payback period for the above set of cash flows? In years

Amy currently has 500 in an account with an annual rate of

Amy currently has $500 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Florida when she graduates in 2 years. How much will she have to save each month to afford her trip?

50 of the cars in a dealer lot are red 20 are black and 16

50% of the cars in a dealer lot are red, 20% are black, and 16% are white. The remainder are some other unspecified color. Salespersons randomly shows three cars to three different customers. What is the probability the ...

A factory makes parts for laptop computers including screws

A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...

The blenders produced by a company have a normally

The blenders produced by a company have a normally distributed life span with a mean of 8.2 years and a standard deviation of 1.3 years. What warranty should be provided so that the company is replacing at most 10% of th ...

An independent-measures study has one sample with n 10 and

An independent-measures study has one sample with n = 10 and a second sample with n = 15 to compare two experimental treatments. What is the df value for the t statistic for this study?

1 for this problem carry at least four digits after the

1. For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. Santa Fe black-on-white is a type of pottery commonly found at archaeological excavations ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As