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  3. a bank president claims that the median of debt-to

A bank president claims that the median of debt-to-equity ratio of commercial loans provided is less than...

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Statistics

A bank presidentclaims that the median of debt-to-equity ratio of commercial loansprovided is less than 5. A random sample of 15 commercial loans isselected with the following values for this ratio:

1.31                1.33                1.22

1.78                1.45                1.32

1.46                1.41                1.19

1.05                1.29                1.11

1.37                1.21                1.65

           

Use a Sign Test atthe 0.05 level to test this claim. Do this by hand and not usingExcel.

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