A particular bank requires a credit score of 591 to get approvedfor a loan. After taking a

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A particular bank requires a credit score of 591 to get approvedfor a loan. After taking a sample of 194 customers, the bank findsthe 95% confidence interval for the mean credit score is:

604 < ?? < 692

Can we be reasonably sure that a majority of people will have acredit score over 591 and be able to get the loan?

Why or why not?

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Probability And Statistics For Engineering And The Sciences

ISBN: 9781305251809

9th Edition

Authors: Jay L. Devore

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Posted Date: Nov 22, 2022 10:00 AM

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A particular bank requires a credit score of 591 to get approvedfor a loan. After taking a

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No we cannot be reasonably sure that a majority of people will have a credit score over 591 and be a... View the full answer

Probability And Statistics For Engineering And The Sciences

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