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Answer:
a. We fail to reject the hypothesis that the average credit score for an adult in Virginia is different from the average credit score for an adult in North Carolina at the significance level of 0.05.
b. The 95% confidence interval for the true difference of means is -2.2468 and 36.2468. There is a probability of 95% that the true difference of means is between -2.2468 and 36.2468. This confidence interval contains the number 0, this is consistent with the results we got in a. Because we fail to reject the hypothesis that the average credit score for an adult in Virginia is different from the average credit score for an adult in North Carolina at the significance level of 0.05.
Step-by-step explanation:
Let be the true difference between the average credit score for an adult in Virginia and the average credit score for an adult in North Carolina. We have the large sample sizes
and
, the unbiased point estimate for
is
, i.e., 699-682 = 17.
The standard error is given by , i.e.,
= 9.8198.
a. We want to test vs
(two-tailed alternative). The rejection region is given by RR = {z | z < -1.96 or z > 1.96} where -1.96 and 1.96 are the 2.5th and 97.5th quantiles of the standard normal distribution respectively. The test statistic is
and the observed value is
. Because 1.7312 does not fall inside RR, we fail to reject the null hypothesis.
b. The endpoints for a 95% confidence interval for is given by
, i.e.,
where
is the 2.5th quantile of the standard normal distribution, i.e., -1.96, so, we have 17-(1.96)(9.8198) and 17+(1.96)(9.8198), i.e., -2.2468 and 36.2468. There is a probability of 95% that the true difference of means
is between -2.2468 and 36.2468. This confidence interval contains the number 0, this is consistent with the results we got in a. Because we fail to reject the hypothesis that the average credit score for an adult in Virginia is different from the average credit score for an adult in North Carolina at the significance level of 0.05.
The correct answer is: " " .
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<u>Step-by-step explanation</u>:
Based on the assumption that the "1" repeats infinitely; in the given value:
" 33.61111111 ...." ;
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Note that the "611" ; after the decimal point; this goes to the "thousandths";
place (is "3 (three) digits long.").
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As such; we rewrite the number as:
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" " ;
and we multiply BOTH the "numerator" And the "denominator" by: "1000" :
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→ " " ;
to get:
→ " " ; → which cannot be reduced any further.
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The correct answer is: " " .
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Hope this is helpful to you!
Wishing you the best!
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