(Solved): Cart Alien and Narm Nixon are two loan officers at a certain bank. The bask manager is interested in ...
Cart Alien and Narm Nixon are two loan officers at a certain bank. The bask manager is interested in comparing the default rate on the loars approved by Carl to the default rate on the loans aoproued by Norm. In the sample of loans callected, there are 70 leans approved by Carf (14 of which defaulted) and s0 loas approved by Nom (11 of which defaulted). Carfy loans that default, and let
p_(2)= the population proportion af somers loans that defait. Enter is for a as needed.)
H_(4)=?(D) What is the sample default prepertion for Cart?
?What is the sample defaut proportien for Narm? I (c) Use a b.as level of significance.
?What is the p-value? (Bound your answer teffour elemal groces.) p-value -
?What is your conclusion? Do not neject Ni g . We can conclude there in a significant difference between the population default propertiona in the leans appreved by Cat and the laans approwed by Norm. hotro aborivell by Carf and the loas apprevel thy same. Axject Mo. We cannot esondude there is a significart efference between fine population defaut preportions in the laans spproved by Carl and the loars approved by Som. Reject if
_(2)-we can conclude there is a significart difference betweren the population defait proportions in the lears approved by Carl and the lowa appreved by Sorm.
