4. A bank has recently acquired a new branch and thus has customers in the state of Michigan. They are interested in the

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4. A bank has recently acquired a new branch and thus has customers in the state of Michigan. They are interested in the

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4 A Bank Has Recently Acquired A New Branch And Thus Has Customers In The State Of Michigan They Are Interested In The 1
4 A Bank Has Recently Acquired A New Branch And Thus Has Customers In The State Of Michigan They Are Interested In The 1 (24.82 KiB) Viewed 77 times
4. A bank has recently acquired a new branch and thus has customers in the state of Michigan. They are interested in the default rate in their new territory. They wish to test the hypothesis that the default rate is different from their current customer base, the state of Texas. They sample 430 files of their current customers in Texas, and find that 39 have defaulted. In Michigan, another sample of 300 customers shows 42 have defaulted on their loans. At 5% level of significance, can we say that the default rate in Michigan is different from Texas? Test Statistic = -value = Conclusion:
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