A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 706.3. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 45 high-income individuals and found the sample mean credit score to be 725.6 with a standard deviation of 81.6. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. State the null and alternative hypotheses. Hot H₁: H IU (Type integers or decimals. Do not round.)

A psychologist wanted to know if students in her class were more likely to cheat if they were low achievers. She divided her 60 students into three groups (low, middle, and high) based on their mean exam score on the previous three tests. She then asked them to rate how likely they were to cheat on an exam if the opportunity presented itself with a very limited chance for consequences. The students rated their desire to cheat on a scale ranging from 1-100, with lower numbers indicating less desire to cheat.   Before opening the data, what would you hypothesize about this research question?   Open the data set. Before running any statistical analyses, glance through the data. Do you think that your hypothesis will be supported?   Conduct descriptive analyses and report them here.   Conduct a one-way ANOVA. Report your statistical findings (including any applicable tables in APA format) here.   What would you conclude from this analysis? What would be your next steps, if this…

The Transportation Security Administration (TSA) collects data on wait time at each of its airport security checkpoints. For flights departing from Terminal 3 at John F. Kennedy International Airport (JFK) between 3:00 and 4:00 PM on Wednesday, the mean wait time is 12 minutes, and the maximum wait time is 16 minutes. [Source: Transportation Security Administration, summary statistics based on historical data collected between February 18, 2008, and March 17, 2008.]

3. A Bloomberg Businessweek North American subscriber study collected data from a sample of 2861 sub-scribers. Fifty- nine percent of the respondents indicated an annual income of $ 75,000 or more, and 50% reported having an American Express credit card. a. What is the population of interest in this study? b. Is annual income a categorical or quantitative variable? c. Is ownership of an American Express card a categorical or quantitative variable? d. Does this study involve cross- sectional or time series data? e. Describe any statistical inferences Bloomberg Businessweek might make on the basis of the survey. 4. Table 1.8 shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors. Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts. The data set is also on the website that accompanies the text in the file named Shadow02. a. How many variables are in the data set?…

In a study researching how donating to charity can affect a person's happiness, 96 participants were given $5 a day for one week. Each participant was randomly assigned to one of two groups. Those assigned to the first group were asked to spend the money on themselves, and those assigned to the second group were asked to donate the money to charity. At the end of the week, all of the participants were asked to rate their overall level of happiness on a scale from 0 to 100, with higher scores indicating greater levels of happiness. Which of the following are the appropriate null and alternative hypotheses to test whether the sample data provide convincing statistical evidence that donating to charity results in greater happiness than spending on oneself, on average? Ho self- "charity = 0 (A) Ha self charity >0 Ho self Mcharity=0 (B) Ha self charity 0 (E) Ha self = Mcharity <0

Consumer Research, Inc.   Consumer Research, Inc., is an independent agency that conducts research on consumer attitudes and behaviors for a variety of firms. In one study, a client asked for an investigation of consumer characteristics that can be used to predict the amount charged by credit card users. The following data were collected on annual income, household size, and annual credit card charges for a sample of 50 consumers.   Managerial Report     Use methods of descriptive statistics to summarize the Comment on the findings.     Develop estimated regression equations, first using annual income as the independent variable and then using household size as the independent variable. Which variable is the better predictor of annual credit card charges? Discuss your findings.     Develop an estimated regression equation with annual income and household size as the independent Discuss your findings.     What is the predicted annual credit card charge for a three-person…

Cris Turlock owns and manages a small business in San Francisco, California. The business provides breakfast and brunch food, via carts parked along sidewalks, to people in the business district of the city. Being an experienced businessperson, Cris provides incentives for the salespeople operating the food carts. This year, she plans to offer monetary bonuses to her salespeople based on their individual mean daily sales. Her first task is to see if there is a significant difference in the mean daily sales among the different salespeople. She chooses a "sample" of days for each salesperson and records the sales for each day. She then runs a one-way, independent-samples ANOVA test to determine whether or not she can conclude that at least one salesperson's performances is significantly different from the others. (Otherwise, she'll split the bonuses evenly among all the salespeople.) In her ANOVA, the "groups" are the different salespeople, and the variable of interest is the daily sales…

Researchers want to estimate the percentage of people who thought drinking and driving was a serious problem. Reserchers waited outside a bar to question people. They usually find 11%of bar patrons believe drinking and driving is a serious problem. a. identify the populatin of interest b. identify the sample c. identify the population parameter of interest d. identifywho if anyone was left out of the study

An automobile repair shop reports that half of the automobiles they repair have a resale value below $ 4,000. In this example, the $4,000 represents which measure of central tendency? It is the mean O median mode range

The National Assessment of Educational Progress (NAEP) includes a mathematics test for eighth-grade students. Scores on the test range from 0 to 500. Demonstrating the ability to use the mean to solve a problem is an example of the skills and knowledge associated with performance at the Basic level. An example of the knowledge and skills associated with the Proficient level is being able to read and interpret a stem-and-leaf plot. In 2019, 147,400 eighth-graders were in the NAEP sample for the mathematics test. The mean mathematics score was x = 282. We want to estimate the mean score u in the population of all eighth-graders. Consider the NAEP sample as an 40. SRS from a Normal population with standard deviation o = O Macmillan Learning Information about the NAEP test can be found online at https://www.nationsreportcard.gov. If we take many samples, the sample mean varies from sample to sample according to a Normal distribution with mean equal to the unknown mean score u in the…