Statistice inferential question 3. [] The executive is also worried that the bank is losing ground...

Statistice inferential question

3. [] The executive is also worried that the bank is losing ground to its major competitor, the Everglades Bank. So the bank executive asked you to determine whether Everglades Bank processes mortgages faster than First National. To conduct this hypothesis test you also collect a random sample of 108 mortgage processing times from Everglades Bank. These data are also located in your Excel file. a) Should your alternative be left-sided, right-sided, or two-sided? Explain. b) State your null and alternative hypotheses using correct symbols and notation. Make sure to clearly identify the populations. c) Conduct a two-sample t-test for comparing the difference between two means. Include Excel calculations in your Word document. d) State the P-value and give the conclusion in context using a significance level of 0.05.

Data to use here :

Number of Days to Process Mortgage Applications

First National 7 8 2 5 6 7 6 4 8 2 5 9 6 3 7 6 7 9 8 8 5 8 5 6 6 9 7 10 8 9 6 6 11 5 7 4 7 6 12 7 10 5 6 6 6 5 4 4 8 9 3 3 10 5 3 11 7 5 6 2 9 13 7 7 6 4 5 9 3 9 9 8 5 7 2 5 10 11 8 10 5 7 4 14 8 4 7 6 8 5 8 2 5 5 8 6 9 6 5 11 9 6 6 8 12 8 10 6

Everglades Bank 4 8 7 4 5 4 10 10 3 9 8 4 8 9 8 9 8 3 8 4 4 7 6 7 10 9 10 3 9 3 7 7 9 9 5 7 6 9 7 5 4 7 7 10 5 8 3 8 5 5 3 6 2 4 7 2 7 3 4 8 5 5 9 5 6 5 8 7 4 7 2 6 2 6 10 6 2 8 5 8 7 10 9 5 10 4 6 3 7 12 8 5 6 6 8 8 4 4 8 6 6 6 7 11 3 7 7 4

Expert Solution

orchestra answered 2 years ago

A bank executive believes that average bank balances for individuals equals $15,000. The executive takes a...

A bank executive believes that average bank balances for individuals equals $15,000. The executive takes a random sample of 25 individuals and finds a sample mean of $12,800 and a sample standard deviation (s) of $4,000. Test the hypothesis at the 0.05 and 0.01 levels.

Assignment #3: Inferential Statistics Analysis and Writeup Part A: Inferential Statistics Data Analysis Plan and Computation...

Assignment #3: Inferential Statistics Analysis and Writeup Part A: Inferential Statistics Data Analysis Plan and Computation Introduction: I chose to imagine I am a 36 year old married individual with a large family. (UniqueID#30) Variables Selected: Table 1: Variables Selected for Analysis Variable Name in the Data Set Variable Type Description Qualitative or Quantitative Variable 1: Marital Status Socioeconomic Marital Status of Head of Household Qualitative Variable 2: Housing Expenditure Total Amount of Annual Expenditure on Housing Quantitative Variable 3:...

Question 3 20 Marks FMCG company finds that its brand of laundry detergent is losing market...

Question 3 20 Marks FMCG company finds that its brand of laundry detergent is losing market share, so it decides to “frozen” the product. One strategy is to maintain the current detergent formula but repackage the product. The other strategy involves a complete reformulation of the product in a way that will appeal to environmentally conscious consumers. The company pursue one strategy or the other but not both. Cash flow flows from each proposal appear below, but the company discounts...

The EU Central Bank is worried that with Brexit and decreasing GDP growth rates in Germany...

The EU Central Bank is worried that with Brexit and decreasing GDP growth rates in Germany it will have to take action in 2018. Given that the Central Bank’s risk (i.e. discount) rate is near zero what actions will be taken? a. Explain the actions you expect the Central Bank to take and explain in macroeconomic measurement, modeling and movement terms what the Central Bank’s actions will have on EU exchange rates and exports with the U.S. b. Use macro...

This is an example of Question 5 options: a qualitative statistic a descriptive statistic an inferential...

This is an example of Question 5 options: a qualitative statistic a descriptive statistic an inferential statistic a population parameter

3. The FED is worried that the value of the U.S. dollar will continue to rise...

3. The FED is worried that the value of the U.S. dollar will continue to rise relative to the EU euro in 2018. So it is looking to reduce interest rates. a. Explain what actions it is likely to take using macroeconomic measurements and models and analyze what is likely to happen to U.S. GDP and inflation. b. Use macro models and macro movement sequences to explain two “risks” to the U.S. economy that could hamper the effectiveness of the...

Old Billie is very excited for Letecia, but she is also worried about her. So she...

Old Billie is very excited for Letecia, but she is also worried about her. So she conducts a poll of 400 Avocado Park residents who have gone on a first date in the last month and asks them if they are glad they did. Old Billie has decided that she will stop the date from happening if there is less than a 75% chance that Letecia will be happy. Hadey tells her she is being extra, so she settles on...

You are the asset liability committee executive of a commercial bank. The bank face both liquidity...

You are the asset liability committee executive of a commercial bank. The bank face both liquidity surplus and deficit due to cyclical trend in the industry. How will you manage these challenges and increase profitability of the bank. You have to be specific about your suggestions.

Topic obesity Answer the following question 1) write an executive summary with 3 or 4 key...

Topic obesity Answer the following question 1) write an executive summary with 3 or 4 key findings from the community of obesity/childhood obesity.

Al Bank is worried about financing his new home. The house sells for $190,000. If he...

Al Bank is worried about financing his new home. The house sells for $190,000. If he puts down 20%, what will Al's payment be at the following rates? (Round answers to nearest cent) A. Monthly Payment for 25 years at 10% ? Total Cost of Interest for 25 years at 10% ? B. Monthly Payment for 25 years at 10 1/2% ? Total Cost of Interest for 25 years at 10 1/2% ? C. Monthly Payment for 25 years at...

Question