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2. An official at FEMA (the Federal Emergency Management Agency) wants to determine if they should work with the U.S. Small Business Administration to offer low-interest disaster loans to businesses in cities in Texas due to the recent severe winter storms. If data suggests that the proportion of businesses severely affected by the severe winter storm in a given city is more than 10%, they will offer the low-interest disaster loans in that city. A random sample of 110 businesses from Dallas indicates that 17 of them were severely affected by the severe winter storm. A. Do the data provide the significant evidence that would lead FEMA to offer these low-interest disaster loans at the a = B. Based on your conclusion, what type of error could you have just made? Describe a consequence of making this type of error. =0.05 level?

2. An official at FEMA (the Federal Emergency Management Agency) wants to determine if they should work with the U.S. Small Business Administration to offer low-interest disaster loans to businesses in cities in Texas due to the recent severe winter storms. If data suggests that the proportion of businesses severely affected by the severe winter storm in a given city is more than 10%, they will offer the low-interest disaster loans in that city. A random sample of 110 businesses from Dallas indicates that 17 of them were severely affected by the severe winter storm. A. Do the data provide the significant evidence that would lead FEMA to offer these low-interest disaster loans at the a = B. Based on your conclusion, what type of error could you have just made? Describe a consequence of making this type of error. =0.05 level?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2. An official at FEMA (the Federal Emergency Management Agency) wants to determine if they should work with the U.S. Small Business Administration to offer low-interest disaster loans to businesses in cities in Texas due to the recent severe winter storms. If data suggests that the proportion of businesses severely affected by the severe winter storm in a given city is more than 10%, they will offer the low-interest disaster loans in that city. A random sample of 110 businesses from Dallas indicates that 17 of them were severely affected by the severe winter storm. A. Do the data provide the significant evidence that would lead FEMA to offer these low-interest disaster loans at the a = 0.05 level? B. Based on your conclusion, what type of error could you have just made? Describe a consequence of making this type of error.
Transcribed Image Text:2. An official at FEMA (the Federal Emergency Management Agency) wants to determine if they should work with the U.S. Small Business Administration to offer low-interest disaster loans to businesses in cities in Texas due to the recent severe winter storms. If data suggests that the proportion of businesses severely affected by the severe winter storm in a given city is more than 10%, they will offer the low-interest disaster loans in that city. A random sample of 110 businesses from Dallas indicates that 17 of them were severely affected by the severe winter storm. A. Do the data provide the significant evidence that would lead FEMA to offer these low-interest disaster loans at the a = 0.05 level? B. Based on your conclusion, what type of error could you have just made? Describe a consequence of making this type of error.
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