Question
carl Allen and Norm Nixon are two loan officers at a certain bank. The bank manager is interested in comparing the default rate on the
carl Allen and Norm Nixon are two loan officers at a certain bank. The bank manager is interested in comparing the default rate on the loans approved by Carl to the default rate on the loans approved by Norm. In the sample of loans collected, there are 70 loans approved by Carl (21 of which defaulted) and 80 loans approved by Norm (17 of which defaulted).
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
