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Option same for all blanks Help 1.5 pts Mode . Delay - H 2 QUESTION 28 A study of 10 000 loans examines the association

Option same for all blanks

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Help 1.5 pts Mode . Delay - H 2 QUESTION 28 A study of 10 000 loans examines the association between homeownership (rent, mortgage, or own) and application type (individual, or joint) A test of independence is conducted using a = 0.05, where standardized residuals are LU H OBSERVED FREQUENCIES considered significant if they are more extreme than +/-2. Homeownership Application type Rent Mortgage Own The Excel sheet for this question shows the observed frequencies and the standardized 3 Individual 3496 3839 residuals. 1170 4 362 950 183 What do the standardized residuals tell us about the relationship between homeownership and application type? STANDARDIZED RESIDUALS Fill in the blanks for the sentences below, ONLY interpreting standardized residual's that Homeownership are statistically significant. Remember that expected values refer to what is expected 8 Application type Rent Mortgage Own assuming that the null hypothesis is true 9 Individual 3.749 -3.667 0.568 LO Joint -8.943 8.747 -1.355 Loan applicants who rent their home [ Select ] and [ Select ] Loan applicants who have a mortgage on their home ( [ Select ] V and [ Select ] and Loan applicants who own their home [ Select ] V [ Select are less likely to apply as an individual than expected [ Select ] are more likely to apply as an individual than expected have a similar frequency of individual applications as expected

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