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52240.8012859549.8585217158.7018941051.1176734997.0249240217.8602741149.8172423858.30474-10901.046989478.15862338861.7695848642.9666717612.5727921970.5449649967.8430156065.2531866358.12648-3669.43045728470.494528429.29313750994.2585941086.7344842534.8902165431.463946748.0911235837.4768283593.13966-449.6933316218.3933245446.3823324715.0218727994.270073716.16247832921.0259462894.9152126011.466978582.7571443750.4609330965.7218539258.7726766307.50143-2547.84333451182.0180354248.7551346491.1948259059.9420921032.368938235.144849624.78271415955.7300127036.6065352885.4145618244.7912116401.267235723.0870453601.2989127387.8264311399.9477719678.0196767733.5777328479.7740431378.4951311509.5372416245.988776056.9590926230.7642454878.0072147441.3379863812.7503535791.3629261101.668621829.6765124512.4114952335.6339746590.29283 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

52240.8012859549.8585217158.7018941051.1176734997.0249240217.8602741149.8172423858.30474-10901.046989478.15862338861.7695848642.9666717612.5727921970.5449649967.8430156065.2531866358.12648-3669.43045728470.494528429.29313750994.2585941086.7344842534.8902165431.463946748.0911235837.4768283593.13966-449.6933316218.3933245446.3823324715.0218727994.270073716.16247832921.0259462894.9152126011.466978582.7571443750.4609330965.7218539258.7726766307.50143-2547.84333451182.0180354248.7551346491.1948259059.9420921032.368938235.144849624.78271415955.7300127036.6065352885.4145618244.7912116401.267235723.0870453601.2989127387.8264311399.9477719678.0196767733.5777328479.7740431378.4951311509.5372416245.988776056.9590926230.7642454878.0072147441.3379863812.7503535791.3629261101.668621829.6765124512.4114952335.6339746590.29283

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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 Use Sheet 3 of the Excel file, which gives the customer's debt amounts for the 75 people in the sample, to calculate p, the z-score, and the p-value. p = Ex: 1.234 2 = p Since the p-value is Pick ~ han the significance level 0.05, the null hypothesis Pick Pick 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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