Jump to level 1 A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not 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 to calculate p, the z-score, and the p-value. Ex: 1.234 p = Since the p-value is Pick greater evideless than the significance level 0.05, the null hypothesis Pick Pick that the proportion of loans to people with more than $50,000 in debt is more than 0.15. 2 Check Next
Jump to level 1 A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not 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 to calculate p, the z-score, and the p-value. Ex: 1.234 p = Since the p-value is Pick greater evideless than the significance level 0.05, the null hypothesis Pick Pick that the proportion of loans to people with more than $50,000 in debt is more than 0.15. 2 Check Next
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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Question
Please answer all parts in the same format as pictured below. I've included the last 2 questions below in case you cannot see them in the picture:
Null hypothesis
fails to be rejected OR
Is rejected
Sufficient evidence exists OR
Insufficient evidence exists
Thank you
Transcribed Image Text:HALLENGE ACTIVITY
7.1.4: Excel: Hypothesis test for a population proportion.
click this link to download the spreadsheet for use in this activity.
Jump to level 1
A bank has a policy that the proportion of loans made to people with more than $50,000 in debt should not
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 to
calculate p, the z-score, and the p-value.
Ex: 1.234
p =
Since the p-value is Pick
greater
VevidelesS
than the significance level 0.05, the null hypothesis Pick
Pick
that the proportion of loans to people with more than $50,000 in debt is
more than 0.,15.
3.
Check
Next
Feec
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