Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

One Sample t Test.

When consumers are relevant for credit, their credit is rated using FICO scores.  A random sample of credit ratings is obtained, and the FICO scores are summarized with these statistics: n=18, x=660.3, s=95.9.  Use a 0.05 significance level to test the claim that these credit rating are from a population with a mean that is equivalent to 700.  If the Bank of Newport requires a credit rating of 700 or higher for a car loan, do the results indicate that every that everyone will be eligible for a car loan? Why or why not?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921008

Have any Question? 


Related Questions in Statistics and Probability

1 find the p valuep for the indicated hypothesis test with

1) Find the P value(P= ?) for the indicated hypothesis test with the given standardized test statistic z. Decide whether to reject Ho for the given level of significance.  Two tail test, z = 2.30, alpha = 0.01 2) Find th ...

The mean sat score in mathematics is 515 the founders of a

The mean SAT score in mathematics is 515 . The founders of a nationwide SAT preparation course claim that graduates of the course score higher, on average, than the national mean. Suppose that the founders of the course ...

What is the comparison between the threat that the world

What is the comparison between the threat that the world faced from the fascists and communists during the 20th century and the threat faced by the world today from radical Islam? Be sure to include specific two historic ...

1 show by example that if a and b are two matchings not

1. Show by example that if A and B are two matchings (not necessarily stable), then A ∨w B is not necessarily a matching. 2. Prove that when the partial ordering over the set of stable matchings is , the minimum of the s ...

A commuter airline flies airplanes that seat 14 passengers

A commuter airline flies airplanes that seat 14 passengers. From experience, they have learned that, on average, 85% of the passengers holding reservations for a particular flight actually show up for the flight. If they ...

You are purchasing a home for 220000 the down payment is 30

You are purchasing a home for $220,000. The down payment is 30% and the balance will be financed with a 20- year mortgage at 9% and 2 discount points. You put down a deposit of $5,000 (applied to the down payment) when t ...

1 when would you calculate a multiple correlation

1. When would you calculate a multiple correlation coefficient? What do you learn if you square a multiple correlation? 2. How does a cross-lagged panel correlation design provide evidence to support a causal link betwee ...

For this assignment you will continue to use data derived

For this assignment you will continue to use data derived from Capital Bikeshare trip records from 2011 and 2012, this time analysing patterns in daily numbers of rentals by casual users. References and Data Sources: Bac ...

The percentage of people who recycle their old phone books

The percentage of people who recycle their old phone books is 15.8% on average. If 240 people are randomly selected, what is the probability that more than 20% of them recycle their phone books?

1 distinguish between a quota sample and a purposive

1. Distinguish between a quota sample and a purposive sample. 2. What three criteria characterize good descriptions of data?

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen