Discuss the below:
Q: A simple random sample of FICO credit rating scores. As of this writing, the Mean FICO score was reported to be 678. Use a 0.05 significance level to test the claim that the sample of FICO scores comes from a population with a mean equal to 678.
H0:
H1:
Test Statistic
P-value:
Conclusion (i.e. decision) about H0:[reject/fail to reject.]
Final Conclusion on the claim
| FICO Credit Rating Scores |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 708 |
713 |
781 |
809 |
797 |
793 |
711 |
681 |
768 |
611 |
| 698 |
836 |
768 |
532 |
657 |
559 |
741 |
793 |
701 |
753 |
| 745 |
681 |
598 |
693 |
743 |
444 |
502 |
739 |
755 |
835 |
| 714 |
517 |
787 |
714 |
497 |
636 |
637 |
797 |
568 |
714 |
| 618 |
830 |
579 |
818 |
654 |
617 |
849 |
798 |
751 |
731 |
| 850 |
591 |
802 |
756 |
689 |
789 |
628 |
692 |
779 |
756 |
| 782 |
760 |
503 |
784 |
591 |
834 |
694 |
795 |
660 |
651 |
| 696 |
638 |
635 |
795 |
519 |
682 |
824 |
603 |
709 |
777 |
| 829 |
744 |
752 |
783 |
630 |
753 |
661 |
604 |
729 |
722 |
| 706 |
594 |
664 |
782 |
579 |
796 |
611 |
709 |
697 |
732 |