Data indicate that the interest rate received

Assignment Help Basic Statistics

Reference no: EM131799116

A study by the Massachusetts Com m unity & Banking Council found that blacks, and to a lesser extent, Latinos, remain largely unable to borrow money at the same interest rate as whites (The Boston Globe, February 28,2008). The following contingency table shows representative data for the city of Boston, cross-classified by race and type of interest rate received:

2101_representative data for the city of Boston.png

At the 5% significance level, do the data indicate that the interest rate received on a loan is dependent on race? Provide the details.

Reference no: EM131799116

Questions Cloud

Write a report to brian summarizing your recommendations : Analyze the information and write a report to Brian summarizing your recommendations.

Default probabilities of rto contracts : Set up the competing hypothesis to test whether the return, purchase, and default probabilities of RTO contracts differ from 0.65, 0.30, and 0.05, respectively.

Hypothesis supports the visitor belief : Set up the competing hypotheses such that rejection of the null hypothesis supports the visitor's belief.

Discuss whether bose would cater niche segment or diversify : Bose Corporation (Bose), the manufacturer of audio systems was ranked as the most trusted consumer brand among the 22 distinguished technology companies.

Data indicate that the interest rate received : At the 5% significance level, do the data indicate that the interest rate received on a loan is dependent on race? Provide the details.

Explain effectiveness of logistics system in rural market : This case analyses the distribution strategy of Hindustan Lever Limited (HLL), the 51.6% subsidiary of Unilever and the largest FMCG Company in India.

What would be the summary of the entire article list : Some experts are advising candidates with significant work experience to use two-sided business cards and present a brief bulleted list of key competencies.

What will be the effect on the net operating income : Required: If the Linens Department is dropped, what will be the effect on the net operating income of the company as a whole

What are the salient points of the healthcare in uae : Case study of healthcare in the united arab emirates. How can you utilize your learning about the healthcare in UAE?

User Account

All Pages