A bank has a policy that the proportion of loans made to people with more than $50,000
Fantastic news! We've Found the answer you've been seeking!
Question:
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. calculate value of p^? calculate the value of z-score? calculate the value of p? Since the p-value is ( greater/less) the null hypothesis( is rejected/ fails to be rejected). (sufficient/insufficient) evidence exists that the proportion of loans to people with more than $50,000 more than 0.15.
Posted Date: