I am learning about hypothesis testing and would like to know how to differentiate between testing the mean versus the standard deviation with the 5 step process ( setting up the null and alt., meeting the requirements, testing the statistic and p-value using technology, and the conclusion). Thank you!

17. Credit Scores A Fair Isaac Corporation (FICO) score is used by credit agencies (such as mortgage companies and banks) T.blupi to assess the creditworthiness of individuals. Values range from 300 to 850, with a FICO score over 700 considered to be a quality STAB credit risk. According to Fair Isaac Corporation, the mean FICO saidasm score is 703.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher tod el 21 credit scores. He obtained a random sample of 40 high-income individuals and found the sample mean credit score to be 714.2 with a standard deviation of 83.2. Conduct the appropriate test to determine if high-income individuals have higher FICO scores at the a = 0.05 level of significance