Suppose You Have a Random Sample of 2,179 Credit Scores

question 24

Multiple Choice

Suppose you have a random sample of 2,179 credit scores from a population of mortgage applicants with a sample mean of 620 and sample standard deviation of 70, and would like to determine if this is sufficient enough to rule out that the population mean is not 610. Which of the following objects would you calculate to make this decision?

• A) T-stat
• B) Sample range
• C) Normal distribution
• D) Consistent estimator

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Definitions:

Lipid Soluble

Refers to substances that are capable of dissolving in lipids or fats, which can easily pass through cell membranes.

Facilitated Transport

A process of passive movement of molecules or ions across a biological membrane via specific transmembrane integral proteins.

Glucose

A simple sugar and a key source of energy for cells, often referred to as blood sugar in the context of bodily functions.

Diffusion

The process by which molecules move from an area of higher concentration to an area of lower concentration, leading to the equal distribution of molecules.