Use a 05 and test to determine whether the loan approval

Assignment Help Basic Statistics
Reference no: EM13579406

A lending institution supplied the following data on loan approvals by four loan officers. Use a =0.5 and test to determine whether the loan approval decision is independent of the loan officer reviewing the loan application.

Loan officer Approved Rejected
Miller 24 16
McMahon 17 13
Games 35 15
Runk 11 9

Reference no: EM13579406

Questions Cloud

What is the minimum sample size required in order to : an economist states that 10 of springfields labor force is unemployed. a random sample of 400 people in the labor
There are 62 data values altogether the degrees of freedom : a researcher is comparing 6 groups to test if they have the same means. there are 62 data values altogether. the
The companys lawyers insist that no more than 2 of the : a companys manufacturing process uses 500 gallons of water at a time. a scrubbing machine then removes most of a
Fnd the critical values of r given the number of pairs of : suppose you will perform a test to determine whether there is sufficient evidence to support a claim of a linear
Use a 05 and test to determine whether the loan approval : a lending institution supplied the following data on loan approvals by four loan officers. use a 0.5 and test to
An index of two store items for 2007 based on 2004 is to be : an index of two store items for 2007 based on 2004 is to be constructed. the information for the prices and quantities
Explain the difference between a type i and type ii error : a explain the difference between a type i and type ii error and why failing to reject a null hypothesis is not the
Develop hypotheses so that rejection of the null hypothesis : the bullish sentiment was reported to be 48.7 oneweek earlier and 39.7 one month earlier. the sentiment measures are
The sample mean is 35 and the sample standard deviation 8 : twenty-seven items are randomly selected from a population of 295 items. the sample mean is 35 and the sample standard

Reviews

Write a Review

Basic Statistics Questions & Answers

  Description of margin of error

A national Retail Foundation survey found housholds intended to spend an average of $932 during the December holiday season. Assume that the survey included 850 households and that the standard deviation of the sample is $215.

  Housing-economic-social status

The main part of the ACS contacts 250,000 addresses by mail each month, with follow-up by phone and in person if there is no response. Each household answers questions about their housing, economic, and social status. What is the Population.

  Disadvantages of using computer software for decision making

Write down the advantages and disadvantages of using computer software for decision making.

  Probability density functions

If a random sample of size 2 is observed, demonstrate that a UMP test of size 0.10 for the above test exists. Also decide the form of the rejection region.

  Drawing the standard normal curve

Drawing the standard normal curve and indicating the area representing the probability and

  Due to financial hardship

Due to financial hardship, the Nyke shoe company feels they only need to make one size of shoes, regardless of gender or height. They have collected data on gender, shoe size.

  In a certain city the daily consumption of electric power

in a certain city the daily consumption of electric power in millions of kilowatt-hours is a random variable x having a

  Explain audience why r points to conclusion

We conclude that memory of food intake in the distant past is fair to poor." Explain to your audience why r=0.217 points to this conclusion.

  Hypothesis testing on maintence cost

An Electric Co. Operates a fleet of trucks that provide electrical service to the construction industry. Monthly mean maintenance cost has been $75 per truck.

  Distribution of same proportion with normal model

Public health statistics indicate that about 26.4% of Americans smoke. Suppose a random sample of 50 people is selected. Approximate the distribution of the same proportion with the normal model.

  Calculate a multiple regression

Calculate a regression that examines whether or not you can predict if a student wants a lecturer to be extroverted using the student's extroversion score.

  A 6 × 8 array containing the ages of moviegoers

A 6 × 8 array containing the ages of moviegoers

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd