Answer all questions with detailed explanation

c. Compute the value of the test statistic. C. d. What is your decision regarding the null hypothesis? Interpret the result.13. There are three loan officers at Farmer National Bank. Loan Officer All decisions on mortgage loans are made by one of Felix Otis Foxburrow these officers. The president of the bank would like to Approved 50 70 55 be sure that the rejection rate is about the same for the Rejected 10 10 three officers. A sample of 200 recent applications Total 60 80 60 yielded the following results. Is the rejection rate related to the officer that processes the loan? Use the 0.05 significance level. a. State the null and alternate hypotheses. Ho: H1: b. State the decision rule