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


Question: 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?

Price: $2.99
Solution: The solution file consists of 2 pages
Deliverables: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in