Recently, Experian Reported That the Average Credit Score for a New-

question 69

Multiple Choice

Recently, Experian reported that the average credit score for a new- car loan was 753. Suppose Ally Financial, a bank holding company that finances car loans, would like to test the hypothesis that the average credit score has increased since the Experian report. A random sample of 20 new- car loans had an average credit score of 764.2 with a sample standard deviation of 34.5. Ally Financial would like to set α = 0.05. The p- value for this hypothesis test would be between ______.

• A)0.10 and 0.20
• B)0.05 and 0.10
• C)0.01 and 0.025
• D)0.025 and 0.05

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