The Fair Isaacs Corporation has devised a model that is used to determine creditworthiness of individuals, called a FICO score FICO scores range in value from 300 to 850, with a higher score indicating a more creditworthy individual The distribution of FICO scores is skewed left with a median score of 723 (a) Do you think the mean FICO score is greater than, less than, or equal to 723 Justify your response (b) What proportion of individuals have a FICO score above 723

Question: The Fair Isaacs Corporation has devised a model that is used to determine creditworthiness of individuals, called a FICO score. FICO scores range in value

The Fair Isaacs has devised a model that is used to determine creditworthiness of individuals, called a FICO score. FICO scores range in value from 300 to 850, with a higher score indicating a more creditworthy individual. The of FICO scores is skewed left with a median score of 723.
(a) Do you think the mean FICO score is greater than, less than, or equal to 723? Justify your response.
(b) What proportion of individuals have a FICO score above 723?

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