Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a sample of 112 mortgages approved during the curr

A sample of 112 mortgages approved during the current year showed that 44 were issued to...

70.2K

Verified Solution

Question

Basic Math

A sample of 112 mortgages approved during the current yearshowed that 44 were issued to a single-earner family or individual.The historical percentage is 36 percent. At the .05 level ofsignificance in a right-tailed test, has the percentage ofsingle-earner or individual mortgages risen? (a-1) H0: ? ? .36versus H1: ? > .36. Choose the right option. a. Reject H0 ifzcalc > 1.645 b. Reject H0 if zcalc < 1.645 a b (a-2)Calculate the test statistic. (Round intermediate calculations to 2decimal places. Round your answer to 4 decimal places.) Teststatistic 1.645 (a-3) The null hypothesis should be rejected. TrueFalse (b) Is this a close decision? Yes No (c) State anyassumptions that are required. a. n? < 10 and n(1 ? ?) > 10b. n? < 10 and n(1 ? ?) < 10 c. n? > 10 and n(1 ? ?) >10 d. n? > 10 and n(1 ? ?) < 10 a b c d

Answer & Explanation Solved by verified expert
4.1 Ratings (532 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Overproduction of uric acid in the body can be an indication of cell breakdown. This may...

Statistics
Q

Apply the concept of allostatic load to your life right now. What factors can affect allostatic...

Psychology
Q

A box P and a coil Q are connected in series with an AC source...

Physics
Q

In the mathematical system of clock 12 arithmetic, under the operation of addition the set...

Basic Math
Q

QA coin is tossed three times and the sequence of heads and or tails is...

Statistics
Q

Mari needs to design an open-top box with a square base. Due to the nature...

Calculus
Q

The position function of a particle is given by r t 5t 5t t 4t...

Calculus
Q

Levi want so make a square patio in his yard He has enough concrete to...

Algebra
Q

Brooke rides a Ferris wheel for one full rotation Brooke s height above the center...

Algebra
Q

Direct labor or machine hours may not be the appropriate cost driver for overhead in...

Accounting
Q

Find the financial statements for a publicly traded company, and examine its statement of cash...

Accounting
Q

Suppose you were hired as a consultant for a company that wants to penetrate the...

Accounting