Loan Applications. A loan officer asks a random sample of loan applicants about their marital status and

Question:

Loan Applications. A loan officer asks a random sample of loan applicants about their marital status and whether their loan application was approved. This following table shows the counts of the respondents. image text in transcribed

Is there a relationship between marital status and loan approval?

a) Select an appropriate procedure.

b) Check the assumptions.

c) Test the hypothesis.

d) Examine the residuals.

e) Discuss what you find.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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Question Posted: Sep 07, 2024 08:04 AM

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Loan Applications. A loan officer asks a random sample of loan applicants about their marital status and

Question:

Marital status Application Status Approved Rejected Total Single 211 178 389 Married 385 234 619 Divorced 346 276 622 Total 942 688 1630

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Business Statistics

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