Borrowers Bank classifies credit cardholders as “prime” whenever they pay interest charges for at least 6 of the last 12 billing cycles. The table below cross classifies 2080 cardholders according to whether they are (i) prime or not, and (ii) below age 30 or not: Below 30 30 and Over Prime 475 510 Not Prime 376 719 a. Construct a 95% confidence interval for the percentage of prime cardholders among those who are less than 30 years old
Borrowers Bank classifies credit cardholders as “prime” whenever they pay interest charges for at least 6 of the last 12 billing cycles. The table below cross classifies 2080 cardholders according to whether they are (i) prime or not, and (ii) below age 30 or not: Below 30 30 and Over Prime 475 510 Not Prime 376 719 a. Construct a 95% confidence interval for the percentage of prime cardholders among those who are less than 30 years old
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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. Borrowers Bank classifies credit cardholders as “prime” whenever they pay interest charges
for at least 6 of the last 12 billing cycles. The table below cross classifies 2080 cardholders
according to whether they are (i) prime or not, and (ii) below age 30 or not:
Below 30 30 and Over
Prime 475 510
Not Prime 376 719
a. Construct a 95% confidence interval for the percentage of prime cardholders among those
who are less than 30 years old
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