Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
New Topic  
Jaysguy Jaysguy
wrote...
Go to Answer
Posts: 98
Rep: 0 0
2 years ago
Recently, Experian reported that the average credit score for a new-car loan was 753. Suppose Ally Financial, a bank holding company that finances car loans, would like to test the hypothesis that the average credit score has increased since the Experian report. A random sample of 20 new-car loans had an average credit score of 764.2 with a sample standard deviation of 34.5. Ally Financial would like to set α = 0.05. The conclusion for this hypothesis test would be that because the test statistic is _________________.

▸ more than the critical value, we can conclude that the average credit score for a new-car loan is more than 753

▸ more than the critical value, we cannot conclude that the average credit score for a new-car loan is not more than 753

▸ less than the critical value, we can conclude that the average credit score for a new-car loan is more than 753

▸ less than the critical value, we cannot conclude that the average credit score for a new-car loan is not more than 753
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
Read 68 times
1 Reply
Replies
Answer verified by a subject expert
Meghan.albamontMeghan.albamont
wrote...
#1
Posts: 81
Rep: 1 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Jaysguy Author
wrote...

2 years ago
this is exactly what I needed
Butwhy
wrote...

Yesterday
Smart ... Thanks!
Transonic
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  503 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3591
  
 326
  
 180
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 437
Previous poll results: What's your favorite coffee beverage?