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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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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%
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