The mortgage department of a large bank isinterested in the nature of loans of first-timeborrowers. This information will be used to tailortheir marketing strategy. They believe that theprobability that the first-time borrowers take outsmaller loans than other borrowers is 0.77. Theyperform a hypothesis test to determine if theprobability is the same or different from 0.77.They sample 110 first-time borrowers and find83 of these loans are smaller that the otherborrowers. What is the test statistics to test thenull hypothesis Ho: p = 0.77 against thealternative hypothesis Ha: p + 0.77?

Answered: Image /qna-images/answer/261073d1-e6fa-47a8-b345-f8a38da04a42.jpg

Answered: The mortgage department of a large bank…

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 the question down below!
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