The bad debt ratio for a financial institution is defined to be the dollar value of loans defaulted divided by the total dollar value of allloans made. Suppose that a random sample of 7 Ohio banks is selected and that the bad debt ratios (written as percentages) for thesebanks are 9%, 6%, 6%, 6%, 6%, 7%, and 6%.(a-1) Banking officials claim that the mean bad debt ratio for all Midwestern banks is 3.5 percent and that the mean bad debt ratio forOhio banks is higher. Set up the null and alternative hypotheses needed to attempt to provide evidence supporting the claim that themean bad debt ratio for Ohio banks exceeds 3.5 percent. (Round your answers to 1 decimal place.)HO:μ ≤3.5 % versus Ha: μ >3.5 %.(b-1) Assuming that bad debt ratios for Ohio banks are approximately normally distributed, use critical values and the given sampleinformation to test the hypotheses you set up in part a by setting a equal to .01. (Round your answers to 3 decimal places.)7.167Please solve for t

(a-1)From the information, given the hypotheses are,That is, there is no evidence to conclude that…

Answered: The bad debt ratio for a financial…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

In a study comparing banks in two countries, a sample of 142 matched pairs of banks was formed. Each pair contained one bank from country x and one from country y. The pairings were made in such a way that the two members were as similar as possible in regard to such factors as size and age. The ratio of total loans outstanding to total assets was calculated for each of the banks. For this ratio, the sample mean difference (country x - country y) was 0.0579, and the sample standard deviation of the differences was 0.3086. Test, against a two-sided alternative, the null hypothesis that the two population means are equal. (Assume α = 0.01.) Click the icon to view the critical values of the Student's t distribution. Which of the following correctly states Ho and H₁ ? A. Ho: Mx Hy = 0 H₁: Hx-Hy >0 OC. Ho: Mx Hy ‡0 Hi HxHy=0 - O E. Ho: Mx Hy = 0 H₁: Hx-Hy <0 B. Ho: Mx Hy = 0 H₁: Hx-Hy #0 D. Ho: Hx-Hy = 0 H₁: Hx-Hy 20 OF. Ho: Mx Hy = = 0 H₁: Hx-Hy ≤0
In a study comparing banks in two countries, a sample of 142 matched pairs of banks was formed. Each pair contained one bank from country x and one from country y. The pairings were made in such a way that the two members were as similar as possible in regard to such factors as size and age. The ratio of total loans outstanding to total assets was calculated for each of the banks. For this ratio, the sample mean difference (country x - country y) was 0.0579, and the sample standard deviation of the differences was 0.3086. Test, against a two-sided alternative, the null hypothesis that the two population means are equal. (Assume α = 0.01.) Click the icon to view the critical values of the Student's t distribution. The test statistic is t = 2.236. (Round to three decimal places as needed.) The critical value(s) is(are) (Round to three decimal places as needed. Use a comma to separate answers as needed.)
In a current study, a random sample of 20 teachers from Georgia and an independent random sample of 20 teachers from Indiana have been asked to report their annual income. The data obtained are as follows. Georgia 33567, 41744, 51186, 30464, 51606, 42617, 48830, 41455, 49371, 40828, 44007, 42605, 34923, 30519, 42581, 52952, 45651, 45084, 35455, 27800 Send data to calculator Indiana Annual income in dollars 29227, 35464, 45458, 32113, 29125, 38494, 23709, 32874, 34046, 21221, 39527, 56140, 38977, 47806, 44866, 36325, 34654, 38647, 37073, 36344 Send data to Excel The population standard deviations for the annual incomes of teachers in Georgia and in Indiana are estimated as $6500 and $6350, respectively. It is also known that both populations are approximately normally distributed. Construct a 90% confidence interval for the difference between the mean annual income of teachers from Georgia (,) and the mean annual income of teachers from Indiana (₂). Then find the lower limit and upper…
(5) A certain educational institute has 15 centers located at different places in a city. There are three telephone operators in each center. The manager wanted to estimate the average number of calls received per telephone per week for this institute. He decided to select four centers and the number of calls received on last week for each operator were recorded. The data collected are given in Table 02. Answer the following questions. Table 02: Number of calls received for each operator 25, 15, 30 18, 12, 10 20, 18, 22 15, 20, 18 Center 1 4 (i) (ii) What is the sampling method used in this study? Justify your answer. Estimate the average number of telephone calls received per telephone operator.
A district health officer wishes to determine if the six villages in his district are independent of residents contracting malaria, schistosomiasis, cholera or tuberculosis. Identity an appropriate statistical test and the tail of the test for the problem. Assume all samples used for study come from a normal population.
How do the average weekly incomes of electricians and carpenters compare? A random sample of 17 regions in the United States gave the following information about average weekly income (in dollars). (Reference: U.S. Department of Labor, Bureau of Labor Statistics.) Region 1 2 3 4 5 6 7 8 9 Electricians 464 715 597 464 736 694 744 571 806 Carpenters 542 813 513 476 688 503 789 653 474 Region 10 11 12 13 14 15 16 17 Electricians 592 594 702 579 868 598 597 654 Carpenters 489 647 676 384 817 605 556 505 Does this information indicate a difference (either way) in the average weekly incomes of electricians compared to those of carpenters? Use a 5% level of significance. (a) What is the level of significance? (b) Compute the sample test statistic. (c) Find the P-value of the sample test statistic.
(ii) The lecturer wishes to compare the average scores for Business Statistics between the accounting students and the finance students. He records the marks of a group of 8 students from each course in the following table. Student Accounting course Finance course 78 54 56 95 3 67 68 4 49 71 88 82 76 7 8 62 74 86 85 57 Test at 5% level of significance whether the average score for Business Statistics is different between accounting students and finance students.
In one particular rainforest in Tasmania, it has been found that 70% of the trees are eucalyptus trees; 20% of the trees are Australian blackwood trees and 10% of the trees are myrtle beech trees. Unfortunately, this rainforest has recently been affected by bushfires; and we are interested in determining whether or not the above percentage distribution of trees has been affected by these bushfires. When the number of trees remaining were counted after several had been burnt down by the bushfires, it was found that there were a total of 500 trees left. Of these, 320 were eucalyptus trees; 120 were Australian blackwood trees and 60 were myrtle beech trees. A scientist would like to know if there is evidence of a significant change in the percentage distribution of trees aş a result of these unfortunate bushfires. (i) Use statistical notation to state the appropriate null and alternate hypotheses. (ii) Calculate the chi-squared test statistic for these data. (ii1) Given a p-value of 0.038…
a) Determine the values of * and **. b) Give the unbiased point estimate for the average monthly earning from Hyundai Vehicles. c) Give the unbiased point estimate for the variance of monthly earning from Hyundai Vehicles.
(6) A student surveys some students on campus in the evening and finds that 16 out of 20 of the students she interviewed are part time students. She uses the data to estimate the percentage of all students who are part time. What type of bias is present in her sample?
In a combined study of northern pike, cutthroat trout, rainbow trout, and lake trout, it was found that 40 out of 866 fish died when caught and released using barbless hooks on flies or lures. All hooks were removed from the fish. (a) Let p represent the proportion of all pike and trout that die (i.e., p is the mortality rate) when caught and released using barbless hooks. Find a point estimate for p. (Round your answer to four decimal places.)(b) Find a 99% confidence interval for p. (Round your answers to three decimal places.) lower limit upper limit Give a brief explanation of the meaning of the interval. We are 99% confident that the true catch-and-release mortality rate falls outside this interval.We are 1% confident that the true catch-and-release mortality rate falls above this interval. We are 99% confident that the true catch-and-release mortality rate falls within this interval.We are 1% confident that the true catch-and-release mortality rate falls…
Imagine a researcher asks a sample of five people to drive two types of cars and rate each of them on a scale of 1 to 25. The researcher wants to know: Is there is a difference in the ratings of the two types of cars. Below are the data collected: Type A: 20, 10, 11, 23, 7 Type B: 10, 11, 4, 12, 1 What type of analysis would be appropriate to address the researcher’s question and why did you make this choice? Conduct the analysis identified in “1” above using jamovi. Use α = .05. Is the assumption(s) met? What do you conclude? Present your answer in APA. ** NB I asked these already using the responses please help answer question 2 2 Based on your decision in the questions above identify and explain the type of error you could be making

SEE MORE QUESTIONS

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

SEE MORE TEXTBOOKS