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In: Statistics and Probability

A bank president claims that the median of debt-to-equity ratio of commercial loans provided is less...

A bank president claims that the median of debt-to-equity ratio of commercial loans provided is less than 5. A random sample of 15 commercial loans is selected with the following values for this ratio:

1.31                 1.33                 1.22

1.78                 1.45                 1.32

1.46                 1.41                 1.19

1.05                 1.29                 1.11

1.37                 1.21                 1.65

           

Use a Sign Test at the 0.05 level to test this claim. Do this by hand and not using Excel.

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orchestra answered 1 year ago
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A bank president claims that the median of debt-to-equity ratio of commercial loans provided is less...
A bank president claims that the median of debt-to-equity ratio of commercial loans provided is less than 5. A random sample of 15 commercial loans is selected with the following values for this ratio: 1.31                 1.33                 1.22 1.78                 1.45                 1.32 1.46                 1.41                 1.19 1.05                 1.29                 1.11 1.37                 1.21                 1.65             Use a Sign Test at the 0.05 level to test this claim. DO THIS BY HAND and not using Excel.
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