Ql A Bank Carry Out An Evaluation Of Their Customer Base In Order To Determine If There Is A Link Between A Customers Ag 1 (44.37 KiB) Viewed 37 times
Ql A Bank Carry Out An Evaluation Of Their Customer Base In Order To Determine If There Is A Link Between A Customers Ag 2 (44.37 KiB) Viewed 37 times
Ql A bank carry out an evaluation of their customer base in order to determine if there is a link between a customers age and their likelihood of defaulting on their mortgage. A sample of 165 customers is taken from the database and their age and mortgage status are recorded. Default No default Total Age 40 10 74 84 Age 40 11 70 81 Total 21 144 165 The test statistic for a hypothesis test of no association between age and mortgage status is ✔ A. 0.105 8.0.114 C 0.104 D. None of the presented options E. 3.841 Q2 A lending institution wanted to investigate if there was an association between the loan officer (A, B, C) reviewing a loan application and the loan approval decision (approved, paused, rejected). A sample of 306 loan applications are evaluated. Approved Paused Rejected Total Officer A 40 27 31 98 Officer B 47 27 28 102 Officer C 30 29 47 106 Total 117 83 106 306 The test statistic and conclusion of the hypothesis test at the 5.0% significant level is: A 9.341, reject the null hypothesis B. 9.478, do not reject the null hypothesis C. 9.478, reject the null hypothesis D. None of the presented options. E. 9.341, do not reject the null hypothesis
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