A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should no 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. Use Sheet 2 of the Excel file, which gives the customer's debt amounts for the 75 people in the sample, to calculate p, the z-score, and the p-value. p = Ex: 1.234 z = n=
A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should no 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. Use Sheet 2 of the Excel file, which gives the customer's debt amounts for the 75 people in the sample, to calculate p, the z-score, and the p-value. p = Ex: 1.234 z = n=
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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Spreadsheet 2
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