11 See Problem 5 State The Technical Conclusion Based On The Pvalue Method A The Pvalue Is Greater Than Alpha I Co 1 (56.64 KiB) Viewed 14 times
11 See Problem 5 State The Technical Conclusion Based On The Pvalue Method A The Pvalue Is Greater Than Alpha I Co 2 (56.64 KiB) Viewed 14 times
11 See Problem 5 State The Technical Conclusion Based On The Pvalue Method A The Pvalue Is Greater Than Alpha I Co 3 (21.59 KiB) Viewed 14 times
11 See Problem 5 State The Technical Conclusion Based On The Pvalue Method A The Pvalue Is Greater Than Alpha I Co 4 (21.59 KiB) Viewed 14 times
11 See Problem 5 State The Technical Conclusion Based On The Pvalue Method A The Pvalue Is Greater Than Alpha I Co 5 (21.59 KiB) Viewed 14 times
11) See problem #5. State the technical conclusion based on the pvalue method. a) The pvalue is greater than alpha; I conclude FTR Ho. b) The pvalue is less than alpha; I conclude FTR Ho. c) The pvalue is greater than alpha; I conclude Reject Ho. d) The pvalue is less than alpha; i conclude Reject Ho. 12) See problem #5. State the technical conclusion based on the confidence interval method. a) The confidence interval contains 700; I conclude Reject Ho. b) The confidence interval does not contain 700; I conclude FTR Ho. c) The confidence interval contains 700; I conclude FTR Ho. d) The confidence interval does not contain 700; I conclude Reject Ho. 13) See problem #5. State the non-technical conclusion. a) There is sufficient evidence to warrant rejection of the claim that these ratings are from a population with mean that is equal to 700. b) There is not sufficient evidence to warrant rejection of the claim that these ratings are from a population with mean that is equal to 700. c) The sample data support the claim that these ratings are from a population with mean that is equal to 700. d) There is not sufficient sample evidence to support the claim that these ratings are from a population with mean that is equal to 700. 14) If American National Bank requires a FICO score of 700 for a consumer to qualify for their car loan, do you expect, based on your work in the last 8 problems, that many consumers will qualify? a) I expect that some 75% of consumers will qualify for a car loan at this bank. b) I don't expect too many consumers to qualify, certainly less than half. c) I expect that every consumer will qualify, because why would a bank turn anybody down? d) I expect that a very high percentage of consumers will qualify, because 700 was higher than
5) When consumers apply for credit, their credit is rated (in some cases) using FICO scores. A random sample of credit ratings is obtained, and the FICO scores are summarized with these statistics: n= 18, 660.3, s = 95.9. Assume FICO scores are normally distributed, and use a 0.10 significance level to test the claim that these ratings are from a population with mean that is equal to 700. State the null and alternative hypotheses. Ho:μ = 700 a) Ha:μ #700 Ho:μ700 Ho:μ = 700 b) Ha: >700 c) Ha:μ = 700 Ho: 2700 d) Ha: μ < 700
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