Question
A bank has a policy that the proportion of loans made to people with more than $50,000in debt should not be more than .15. The
A bank has a policy that the proportion of loans made to people with more than $50,000in debt should not be more than .15. The bank checks a randomly chosen sample of 75customer's debt amounts to determine if the proportion is more than .15at a significance level of .05. Use Sheet 1 of the Excel file to calculate ^p, the z-score, and the p-value.Since the p-value is _________, than the significance level .05, the null hypothesis __________. __________ evidence exists that the proportion of loans to people with more than$50,000 in debt is more than .15.
Sheet 1:
20171.17917
46831.50212
21789.85197
4828.121442
14684.72199
-12813.62658
24519.64567
73135.65589
29135.23203
42180.99388
2261.035105
52749.11581
41403.37309
26760.47296
32546.78786
17728.36083
-2407.251974
39998.16503
9780.605279
45741.20777
37178.77657
33696.61461
43259.28676
26814.3061
31291.52295
37175.3762
50136.51484
55886.29476
8696.373353
30507.26797
69778.95931
52346.38534
-13641.80973
24661.95764
9746.475643
50024.06526
78575.843
26692.57359
38463.91388
30145.10746
40459.86837
10816.02791
14662.31166
44380.92984
34686.81102
30315.93897
18222.65474
39422.52312
43345.6669
-2355.16029
49109.01349
21361.93344
32708.76955
50170.42323
11337.62744
36858.00529
19704.15071
34739.59836
10822.37914
-1332.557786
70582.64779
45813.68148
27238.56072
36232.78065
29583.18781
51432.21531
70353.96439
49991.42481
37953.36908
24107.22091
19944.6577
22744.89512
31955.77634
53442.79738
36301.042
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