A study by the Massachusetts Community & Banking Council found that blacks, and, to a lesser extent, Latinos, remain largely unable to borrow money at the same interest rate as whites (The Boston Globe, February 28, 2008). The following contingency table shows representative data for the city of Boston, cross-classified by race and type of interest rate received: (You may find it useful to reference the appropriate table: chi-square table or F table) Type of Interest Rate on Loan Race High Interest Rate Lower Interest Rate Black 553 480 Latino 265 324 White 491 3,701 At the 5% significance level, do the data indicate that the interest rate received on a loan is dependent on race? a. Choose the appropriate null and alternative hypotheses. O Ho: Interest rate received is independent of race.; Ha: Interest rate received is dependent on race. O Họ: Interest rate received is dependent of race.; H2: Interest rate received is independent on race. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic

A study by the Massachusetts Community & Banking Council found that blacks, and, to a lesser extent, Latinos, remain largely unable to borrow money at the same interest rate as whites (The Boston Globe, February 28, 2008). The following contingency table shows representative data for the city of Boston, cross-classified by race and type of interest rate received: (You may find it useful to reference the appropriate table: chi-square table or F table) Type of Interest Rate on Loan Race High Interest Rate Lower Interest Rate Black 553 480 Latino 265 324 White 491 3,701 At the 5% significance level, do the data indicate that the interest rate received on a loan is dependent on race? a. Choose the appropriate null and alternative hypotheses. O Ho: Interest rate received is independent of race.; Ha: Interest rate received is dependent on race. O Họ: Interest rate received is dependent of race.; H2: Interest rate received is independent on race. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic

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Description: I need help with part B-1 of this question. A study by the Massachusetts Community & Banking Council found that blacks, and, to a lesser extent, Latinos, remain largely unableto borrow money at the same interest rate as whites (The Boston Globe, Febr

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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