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May 24, 2015

Homework Help: Statistics

Posted by Bettie on Tuesday, April 16, 2013 at 6:05pm.

The president of a bank selected a sample of 1500 applications to check if the approval or rejection of an application depends on which one of the two loan officers handles the application. The information obtained from the sample is summarized in the following 2 way table.
Approved Rejected Total
Joe 750 300 1,050
Bill 250 200 450
Total 1,000 500
Test at the 1% significance level if the approval or rejection of a loan application depends on which loan officer handles the application.

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