Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For the 40 high-interest mortgages,...
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Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For the 40 high-interest mortgages, the borrowers had a mean FICO score of 727 and a standard deviation of 31. For the 28 low-interest mortgages, he borrowers had a mean FICO credit score of 772 and a standard deviaiton of 35. Test the claim that the mean FICO score of borrowers with high- interest mortgages is lower than the mean FICO score of borrowers with low-interest mortgages at the .10 significance level. Claim: Select an answer which corresponds to Select an answer Opposite: Select an answer which corresponds to Select an answer The test is: Select an answer The test statistic is: t= (to 2 decimals) The critical value is: (to 3 decimals) Based on this we: Select an answer Conclusion There [Select an answer appear to be enough evidence to support the claim that the mean FICO score of borrowers with high-interest mortgages is lower than the mean FICO score of borrowers with low-interest mortgages. Simple random samples of high-interest mortgages and low-interest mortgages were obtained. For the 40 high-interest mortgages, the borrowers had a mean FICO score of 727 and a standard deviation of 31. For the 28 low-interest mortgages, he borrowers had a mean FICO credit score of 772 and a standard deviaiton of 35. Test the claim that the mean FICO score of borrowers with high- interest mortgages is lower than the mean FICO score of borrowers with low-interest mortgages at the .10 significance level. Claim: Select an answer which corresponds to Select an answer Opposite: Select an answer which corresponds to Select an answer The test is: Select an answer The test statistic is: t= (to 2 decimals) The critical value is: (to 3 decimals) Based on this we: Select an answer Conclusion There [Select an answer appear to be enough evidence to support the claim that the mean FICO score of borrowers with high-interest mortgages is lower than the mean FICO score of borrowers with low-interest mortgages.
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