00:03
So the prompt is fico scores range in value from 300 to 850.
00:11
With a higher score indicating a more credit worthy individual, distribution of fico scores is skewed left with a median score of 723, 723.
00:21
A, do you think the mean fico score is greater than, less than, or equal to 723? and justify your response, what portion of individuals have a fico score above 723? well, yeah, given the distribution of the fico scores is skewed left with a median score of 723, it indicates that there are more lower scores on the left side of the distribution and more higher scores on the right side.
00:45
And the median is a measure of central tendency that represents the middle value of a data set.
00:51
And a skewed distribution is generally less affected by extreme values compared to the mean.
00:56
So since the distribution is skewed left, it means that there are some lower scores pulling the, pulling the mean towards the left, which could potentially be less than 723...