2023. Bank A Bank B Consider the following contingency table with the approved loans in August...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2023. Bank A Bank B Consider the following contingency table with the approved loans in August Consumer loans (approved out of total) Mortgage loans (approved out of total) p of 500 4 of 20 3000 of 4000 q of 1000 It is declared that the proportion of all approved loans is higher for Bank B, but Bank A has higher approval rates for both types of loans, if the proportions are considered separately for these types. Can this be possible? If yes, for what values of p and q? (hint: for the last question it is sufficient to characterize the set of admissible values for p and q) 2023. Bank A Bank B Consider the following contingency table with the approved loans in August Consumer loans (approved out of total) Mortgage loans (approved out of total) p of 500 4 of 20 3000 of 4000 q of 1000 It is declared that the proportion of all approved loans is higher for Bank B, but Bank A has higher approval rates for both types of loans, if the proportions are considered separately for these types. Can this be possible? If yes, for what values of p and q? (hint: for the last question it is sufficient to characterize the set of admissible values for p and q)
Expert Answer:
Answer rating: 100% (QA)
Answer Yes its possible for Bank A to have higher approval rates for both types of loans whi... View the full answer
Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following contingency table breaks down a month of customer complaints received by a retailer. Some of those complaining are long-term customers, whereas the rest are recent. There are four types...
-
It is clear that Jaguar practices responsibility toward the environment. Using your knowledge gained from this Jaguar case study and further research, provide five (5) examples of how Jaguar is...
-
Boey Company reported net income of $25,000 in 2015. It had the following amounts related to its pension plan in 2015: Actuarial liability gain $10,000; Unexpected asset loss $14,000; Accumulated...
-
A polyisoprene membrane of 0.8-pm thickness is to be used to separate a mixture of methane and H2. Using the data in able 14.9 and the following compositions, estimate the mass transfer flux of each...
-
One electrode in an alkaline battery is zinc, and the other is manganese dioxide. Fill in the blank for the chemical reaction \((a)\) at the zinc electrode: \(\mathrm{Zn}+2 \mathrm{OH}^{-}...
-
Wayne Terrago, controller for Robbin Industries, was reviewing production cost reports for the year. One amount in these reports continued to bother himadvertising. During the year, the company had...
-
8. A dielectric slab of dielectric constants k is slowly inserted inside the parallel plate capacitor having plate area A and separation between plates d as shown in figure. If dimensions of...
-
Grimes Corporation began business in 2017 and incurred losses for its first two years. In 2019, it became profitable. The following table shows Grimess taxable income before consideration of its...
-
Telford Co is a listed company which has 400 million ordinary shares in issue. Yesterday the ordinary share price closed at $5.00. Two days earlier, the board of directors approved the launch of two...
-
During a lockout, a. no work can be done legally. b. strikebreakers are prevented from entering company property. c. a neutral third party helps two sides come to an agreement. d. workers are...
-
Which feature best describes a PERT chart? a. It creates a time line of production tasks. b. It creates a work flow for production equipment. c. It identifies the critical path of tasks in a project....
-
What is own-account transportation?
-
What logistics services do you think ports should provide?
-
You are considering opening a pizza restaurant in your town. Describe the production process that you envision taking place to deliver a fully cooked pizza to a customer. What components would be in...
-
b) Determine the Q-point for following circuit. Also find new Q-point if value of changes to 150. Vcc=+12V Ic Rc=560ohm Rg=100kohms IB B VCE VBE B=100
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
According to a recent study, cell phones are the main medium for teenagers to stay connected with friends and family (CNN, March 19, 2012). It is estimated that 90% of older teens (aged 14 to 17) and...
-
The manager of a pizza chain in Albuquerque, New Mexico, wants to determine the average size of their advertised 16-inch pizzas. She takes a random sample of 25 pizzas and records their mean and...
-
The accompanying table shows a portion of the average price for a gallon of gas for the 50 states during April 2012. The entire data set, labeled Gas_Prices_2012, can be found on the text website....
-
Suppose that the range of the strong interaction were suddenly increased by 20 orders of magnitude, with all other interactions unchanged. Describe the changes that might occur in the structure of...
-
Explain why friction is not considered a fundamental interaction.
-
An \(8.20-\mathrm{kg}\) object is sliding across the ice at \(2.34 \mathrm{~m} / \mathrm{s}\). An internal explosion occurs, splitting the object into two equal chunks and adding \(16 \mathrm{~J}\)...
Study smarter with the SolutionInn App