Testing of hypothesis-mean for uniform distribution

Reference no: EM13112780

1. Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB), monitors the default rate on personal loans at the AFB member banks. One of her standard's is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans. Last Friday's sample contained 38 defaulted loans. Using alpha = 0.10, the appropriate decision is _______.

a) do not reject the null hypothesis

b) reject the null hypothesis

c) reduce the sample size

d) increase the sample size

2. If x is uniformly distributed over the interval 20 to 30, inclusively (20 x 30), then the mean of this distribution is __________________.

a) 25

b) 5

c) 10

d) 50

Reference no: EM13112780

Questions Cloud

Determine maximum kinetic energy of photo electron-cesium : Cesium(Cs) is used extensively in television cameras and in photocells because it has lowest ionization energy of all the stable elements.Determine the maximum kinetic energy of a photo electron ejected from cesium.

What information does each test provide : A Western Blot (immunoblot) can be used as both a direct and as an indirect test. Explain how, comparing it first to a direct ELISA, and then to an indirect ELISA. Where do the antibodies and antigens come from in each case? What information does ..

Illustrate what communication channels are appropriate : Knowing communication must always be designed with the audience in mind, answer: Illustrate what characteristics of the audience must you consider? Illustrate what communication channels are appropriate? Explain.

Determining role of hypothesis testing : Suppose that your company manufactures computer equipment and you must determine if a supplier of your company meets the required product specifications.

Testing of hypothesis-mean for uniform distribution : Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB), monitors the default rate on personal loans at the AFB member banks.

Media piece focusing on a current political issue relating : media piece focusing on a current political issue relating to immigration. Possible media pieces comprise an article, a video or audio clip, a television show, a book, a documentary or a movie.

How do you calculate the energy yield of sugars : How do you calculate the energy yield of sugars, amino acids and fatty acids? If you could explain or if it is too much refer me to one I am horribly confused. Thank you!

Determine the product of the reaction : Determine the product of the reaction. As a general rule, a metal will combine with a nonmetal to form an ionic compound.

Academic approach of hypothesis testing : A computer manufacturer offers a help line that purchasers can call for help 24 hours a day, 7 days a week. Clearing these calls for help in a timely fashion is important to the company's image.

User Account

All Pages