Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB), monitors the default rate on personal loans at the AFB member banks. One of her standards is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans. Last Friday's sample contained 38 defaulted loans. Using α = 0.10, the appropriate decision is to _______.
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Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB), monitors the default rate on personal loans at the AFB member banks. One of her standards is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans. Last Friday's sample contained 38 defaulted loans. Using α = 0.10, the appropriate decision is to _______.
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- Based on information from a previous study, r1 = 38 people out of a random sample of n1 = 104 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 104 adult Americans who did attend college, r2 = 48 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01. (a) What is the level of significance?State the null and alternate hypotheses. H0: p1 = p2; H1: p1 > p2H0: p1 = p2; H1: p1 < p2 H0: p1 = p2; H1: p1 ≠ p2H0: p1 < p2; H1: p1 = p2 (b) What sampling distribution will you use? What assumptions are you making? The Student's t. The number of trials is sufficiently large.The standard normal. The number of trials is sufficiently large. The Student's t. We assume the population distributions are approximately normal.The standard normal. We assume the…Based on information from a previous study, r1 = 38 people out of a random sample of n1 = 105 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 105 adult Americans who did attend college, r2 = 49 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. 1. What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.) 2. Find (or estimate) the P-value. (Round your answer to four decimal places.)Based on information from a previous study, r1 = 34 people out of a random sample of n1 = 105 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 105 adult Americans who did attend college, r2 = 50 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01. (a) What is the level of significance?State the null and alternate hypotheses. H0: p1 = p2; H1: p1 ≠ p2H0: p1 < p2; H1: p1 = p2 H0: p1 = p2; H1: p1 < p2H0: p1 = p2; H1: p1 > p2 (b) What sampling distribution will you use? What assumptions are you making? The Student's t. The number of trials is sufficiently large.The standard normal. We assume the population distributions are approximately normal. The standard normal. The number of trials is sufficiently large.The Student's t. We assume the…
- A survey of 90 recently delivered women on the rolls of a county welfare department revealed that 27 had a history of intrapartum or postpartum infection. Can we conclude that the population proportion with a history of intrapartum or postpartum infection is significantly less than or equal to 0.25? Let alpha = 0.05.At any age, about 20% of American adults participate in physical conditioning activities at least twice a week. However, these activities change as people get older, and occasionally participants cease to be older as they age. In a local survey of n = 100 adults over 40 years of age, a total of 15 people indicated that they participated in these activities at least twice a week. Does this data indicate that the percentage of participation for adults over 40 years of age is considerably less than the 20% figure? Find the p-value and use it to draw the appropriate conclusions.Based on information from a previous study, r1 = 39 people out of a random sample of n1 = 105 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 105 adult Americans who did attend college, r2 = 50 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01. What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.)(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)
- A survey of 90 recently delivered women on the rolls of a county welfare department revealed that 27 had a history of intrapartum or postpartum infection. Can we conclude that the population proportion with a history of intrapartum or postpartum infection is less than or equal to 0.25. Let alpha = 0.05Based on information from a previous study, r1 = 38 people out of a random sample of n1 = 106 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 106 adult Americans who did attend college, r2 = 52 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. (a) What is the level of significance? What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.)(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)A consumer group is investigating a producer of diet meals to examine if its prepackaged meals actually contain the advertised 6 ounces of protein in each package. Based on the following data, is there any evidence that the meals do not contain the advertised amount of protein? Run the appropriate test at a 5% level of
- Based on information from a previous study, r1 = 37 people out of a random sample of n1 = 97 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 97 adult Americans who did attend college, r2 = 46 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.)(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)Based on information from a previous study, r1 = 30 people out of a random sample of n1 = 107 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 107 adult Americans who did attend college, r2 = 46 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01.A large manufacturing company investigated the service it received from its suppliers and discovered that, in the past, 38% of all material shipments were received late. However, the company recently installed a just-in-time system in which suppliers are linked more closely to the manufacturing process. A random sample of 150 deliveries since the just-in-time system was installed reveals that 33 deliveries were late. If we want to test whether the proportion of late deliveries was reduced signicantly at = 0:10 the null and alternative hypotheses are a. Null hypothesis (H0) b. Alternative hypothesis (HA)