A bank manager obtains information on 150 randomly selected loans made by the bank in the previous

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A bank manager obtains information on 150 randomly selected loans made by the bank in the previous year. The loans are classified as either good or toxic. The manager also looks at the age groups of the people provided with the loan.

Carry out a test, at the 10% significance level, to see if the loan type is independent of age group.

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Cambridge International AS & A Level Further Mathematics Coursebook

ISBN: 9781108403375

1st Edition

Authors: Lee Mckelvey, Martin Crozier

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Question Posted: Oct 04, 2021 01:27 AM

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A bank manager obtains information on 150 randomly selected loans made by the bank in the previous

Question:

Age group (years) Over 25-35 Total 18-25 Over 35 Good 41 32 27 100 Loan type Toxic 23 17 10 50 Total 64 49 37 150

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Cambridge International AS & A Level Further Mathematics Coursebook

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