USA Today reported that 21% of loans granted by credit unions were for home mortgages, 39% were

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USA Today reported that 21% of loans granted by credit unions were for home mortgages, 39% were for automobile purchases, 20% were for credit cards and other unsecured loans, 12% were for real estate other than home loans and 8% were for other miscellaneous needs. In order to see if her credit union customer had similar needs, a manager surveyed a random sample of 100 loans and found that 25 were for home mortgages, 44 for automobile purchases, 19 for credit card and unsecured loans, 8 for real estate other than home loans and 4 for miscellaneous needs. At a = 0.05, is the distribution the same as reported in the newspaper?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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