According to Experian, the Average FICO Credit Score for Residents

question 65

Multiple Choice

According to Experian, the average FICO credit score for residents of El Paso, Texas, is 710. Suppose the standard deviation for this population is 46.1. A random sample of 60 El Paso residents has been selected. The standard error of the mean for this sample is __________.

• A)1.96
• B)8.44
• C)3.28
• D)5.95

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Definitions:

Percentage Increase

The ratio, often expressed as a percentage, by which a quantity grows over a specific period.

After-Tax Profit

The amount of net income left over after all taxes have been deducted from total revenue.

Sold Units

The total quantity of units of a product that have been sold during a specific period.

Income Tax Rate

The income tax rate is the percentage at which an individual or corporation's income is taxed by the government, varying based on income level or earnings.