Please help fill in the yellow boxes

9. The mortgage department of a large bank is interested in the nature of loans of first-time borrowers. This information will be used to tailor their marketing strategy. They believe that 50%% of first-time borrowers take out smaller loans than other borrowers. They perform a hypothesis test to determine if the percentage is the same or different from 50%. They sample 100 first-time borrowers and find 53 of these loans are smaller that the other borrowers. Perform a hypothesis test to determine if the percentage is the same or different from 50%. Use a 1% level of significance. Step 1 Identify variable and parameter with variable and words X = H Or D = Step 2 Identify Null Hypothesis, Alternative Hypothesis, ( words and algebraically) and Level of Significance Ha : H. : 0 = Step 3 Check for normality Can you be confident in your decision? Step 4 Find sample statistic, test statistic and pvalue, Draw a picture. Xor p SE = Zor T P Value = dec Step 5 Make a conclusion about null hypothesis Step 6 Interpret you alternative hypothesis Is the percentage of first-time borrowers tking out smaller loans than other borrowers different from 50%