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9. The mortgage department of a large bank is interested in the nature of loans of first-time borrowers. This information will be used to tailor
9. The mortgage department of a large bank is interested in the nature of loans of first-time borrowers. This information will be used to tailor their marketing strategy. They believe that 50% of first-time borrowers take out smaller loans than other borrowers. They perform a hypothesis test to determine if the percentage is the same or different from 50%. They sample 100 first-time borrowers and find 53 of these loans are smaller that the other borrowers. Perform a hypothesis test to determine if the percentage is the same or different from 50%. Use a 1% level of significance. Step 1 Identify variable and parameter with variable and words X = or p = Step 2 Identify Null Hypothesis, Alternative Hypothesis, (words and algebraically) and Level of Significance H0 : Ha : = Step 3 Check for normality Can you be confident in your decision? POINTS Out OF 8 Step 4 Find sample statistic, test statistic and pvalue, Draw a picture. X or p = SE = Z or T = POINTS Out OF
| 9. The mortgage department of a large bank is interested in the nature of loans of first-time borrowers. This information will be used to tailor their marketing strategy. They believe that 50% of first-time borrowers take out smaller loans than other borrowers. They perform a hypothesis test to determine if the percentage is the same or different from 50%. They sample 100 first-time borrowers and find 53 of these loans are smaller that the other borrowers. Perform a hypothesis test to determine if the percentage is the same or different from 50%. Use a 1% level of significance. | |||||||||
| Step 1 | |||||||||
| Identify variable and parameter with variable and words | |||||||||
| X = | |||||||||
| or p = | |||||||||
| Step 2 | |||||||||
| Identify Null Hypothesis, Alternative Hypothesis, (words and algebraically) and Level of Significance | |||||||||
| H0 : | |||||||||
| Ha : | |||||||||
| = | |||||||||
| Step 3 | |||||||||
| Check for normality | |||||||||
| Can you be confident in your decision? | POINTS | Out OF | |||||||
| 8 | |||||||||
| Step 4 | |||||||||
| Find sample statistic, test statistic and pvalue, Draw a picture. | |||||||||
| X or p | = | SE = | |||||||
| Z or T | = | POINTS | Out OF |
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Negative Binomial Regression
Authors: Joseph M Hilbe
2nd Edition
1139005960, 9781139005968
