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(Step-by-Step) There are three loan officers at Farmer National Bank. All decisions on mortgage loans are made by one of these officers. The president of

Question: There are three loan officers at Farmer National Bank. All decisions on mortgage loans are made by one of these officers. The president of the bank would like to be sure that the rejection rate is about the same for the three officers. A sample of 200 recent applications yielded the following results. Is the rejection rate related to the officer that processes the loan? Use the 0.05 significance level. Contingency Table Analysis Chi Square test.

Loan Officer

Felix Otis
Foxburrow
Approved 50 70 55
Rejected 10 10 5
Total 60 80 60

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