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There are three loan officers at Farmer National Bank. All decisions on mortgage loans are made by one of these officers. The president of the bank would like to be sure that the rejection rate is about the same for the three officers. A sample of 200 recent applications yielded the following results. Is the rejection rate related to the officer that processes the loan? Use the 0.05 significance level.
Loan Officer
Felix Otis Foxburrow
Approved 50 70 55
Rejected 10 10 5
Total 60 80 60
1. State the null and alternate hypothesis
2. State the decision rule
3. Compute the value of the test statistic.
4. What is the decision. Interpret the results.
When the underlying average of a time series is very stable and there is no trend, cyclical, or seasonal influences,
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Mean and standard deviation are 584.6 and 34.28
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The analysis needs to be re-run adding the error into the regression sum of squares.
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The Ohio Department of Highways is in the process of selecting a new paint for highway use. Four different paint companies have been contact regarding this need and each of the companies has supplied paint for testing.
if one of the pedestrians death is randomly selected what is the probability that it involves an intoxicated pedestrian and an intoxicated driver?
The manager of a local bank wants to estimate the average amount held in checking accounts by the customers. A random sample of 30 customers is selected, and the results indicate a sample average of $4,750 and a sample standard deviation of $1,200..
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