Question
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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.
p^=
z=
p-value =
Since the p-value is? than the significance level 0.05, the null hypothesis?
? evidence exists that the proportion of loans to people with more than $50,000 in debt is more than 0.15.
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