According to an Experian report, the average credit score for a new-car loan was 713 at the end of 2017. 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 724.2 with a sample standard deviation of 34.5. Ally Financial would like to set α = 0.05. The p-value for this hypothesis test would be between ________.

0.01 and 0.025

0.10 and 0.20

0.025 and 0.05

0.05 and 0.10

Answer rating: 100% (QA)

IHo M 713 Ha M 7 71 3 n 20 7242 S 345 a 0 0 5 ... View the full answer