Question: enough sample size to determine whether or not the Monthly Income variable can be used to determine whether or not a loan application will be
enough sample size to determine whether or not the Monthly Income variable can be used to determine whether or not a loan application will be approved. Assume that a difference of $500 per month in income will influence whether or not a loan will be approved. Use the 'pwr' function to determine whether or not the Loan Applicants data set has a large enough sample to have 95% confidence that Monthly Income eally does influence the Make Loan decision, and 99% confidence that the t-test will not accidentally say that Monthly Income makes a difference when it really does not. Take a screenshot of your power analysis and place it in your Word document. Label it, and then explain whether or not the Loan Applicants data set has enough observations, and specifically explain how you know
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