A sample of 111 mortgages approved during the current year showed that 33 were issued to...
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A sample of 111 mortgages approved during the current year showed that 33 were issued to a single-earner family or individual. The historical percentage is 25 percent. At the .05 level of significance in a right-tailed test, has the percentage of single-earner or individual mortgages risen? (a-2) Calculate the test statistic. (Round intermediate calculations to 2 decimal places. Round your answer to 4 decimal places.) Test statistic A sample of 111 mortgages approved during the current year showed that 33 were issued to a single-earner family or individual. The historical percentage is 25 percent. At the .05 level of significance in a right-tailed test, has the percentage of single-earner or individual mortgages risen? (a-2) Calculate the test statistic. (Round intermediate calculations to 2 decimal places. Round your answer to 4 decimal places.) Test statistic
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Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
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