A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not be more than 0.15. The bank checks a randomly chosen sample of 75 customer's debt amounts to determine if the proportion is more than 0.15 at a significance level of 0.05. Use Sheet 3 of the Excel file to calculate p, the z-score, and the p-value. Ex: 1.234 %3D p = Since the p-value is Pich greater evid less more than 0.15. |than the significance level 0.05, the null hypothesis Pick Pick that the proportion of loans to people with more than $50,000 in debt is 2
A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not be more than 0.15. The bank checks a randomly chosen sample of 75 customer's debt amounts to determine if the proportion is more than 0.15 at a significance level of 0.05. Use Sheet 3 of the Excel file to calculate p, the z-score, and the p-value. Ex: 1.234 %3D p = Since the p-value is Pich greater evid less more than 0.15. |than the significance level 0.05, the null hypothesis Pick Pick that the proportion of loans to people with more than $50,000 in debt is 2
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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Please answer all parts in the same format as pictured below. I've included the last 2 questions below in case you cannot see them in the picture:
-Null hypothesis fails to be rejected OR Is rejected
-Sufficient evidence exists OR Insufficient evidence exists Thank you
Transcribed Image Text:A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not
be more than 0.15. The bank checks a randomly chosen sample of 75 customer's debt amounts to
determine if the proportion is more than 0.15 at a significance level of 0.05. Use Sheet 3 of the Excel file to
calculate p, the z-score, and the p-value.
= Ex: 1.234
= Z
p =
Since the p-value is Pich
greater
vevideless
more than 0.15.
than the significance level 0.05, the null hypothesis Pick
Pick
that the proportion of loans to people with more than $50,000 in debt is
2
3
Transcribed Image Text:3:08 M O
YG 62%
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40217.9
7
41149.8
8
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9
-10901
10
9478.16
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38861.8
12
48643
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17612.6
14
21970.5
15
49967.8
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56065.3
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66358.1
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-3669
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28470.5
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8429.29
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50994.3
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41086.7
23
42534.9
24
65431.5
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46748.1
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83593.1
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