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
Related questions
Question
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%
hypothesis_test_proportions (1)
日
fx
А
B
D
E
G
H
K
L
M
N
2
59549.9
3
17158.7
4
41051.1
34997
6
40217.9
7
41149.8
8
23858,3
9
-10901
10
9478.16
11
38861.8
12
48643
13
17612.6
14
21970.5
15
49967.8
16
56065.3
17
66358.1
18
-3669
19
28470.5
20
8429.29
21
50994.3
22
41086.7
23
42534.9
24
65431.5
25
46748.1
26
35837,5
27
83593.1
28
-449.7
29
16218.4
30
45446,4
31
24715
32
27994.3
33
3716.16
34
32921
35
62894.9
36
26011.5
37
78582.8
38
43750.5
39
30965.7
40
39258.8
41
66307.5
42
-2548
43
51182
44
54248.8
45
46491.2
46
59059.9
47
21032.4
48
38235.1
49
9624.78
50
15955,7
51
27036.6
52
52885.4
53
18244.8
54
16401.3
55
35723.1
56
53601.3
57
27387.8
58
11399.9
59
19678
60
67733.6
61
28479.8
62
31378,5
63
11509,5
64
16246
65
76057
66
26230.8
67
54878
68
47441,3
69
63812.8
70
35791.4
71
61101.7
72
21829.7
73
24512.4
74
52335.6
75
46590.3
76
77
78
79
II
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 6 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman