The percentage of students from for profit institutions who have defaulted on their student loans has received much attention recently. Suppose the following data were collected from a random sample of students who graduated three years ago from various types of institutions with student loans:
a. Using α = 0.05, perform a chisquare test to determine if the proportion of students who default on their student loans differs by the type of institution.
b. Confirm your results using pvalue.
c. Interpret the meaning of the pvalue from pvalue2.
d. How does the type of institution appear to relate to the likelihood of students defaulting on their loans?

  • CreatedJuly 28, 2015
  • Files Included
Post your question