A Serious Interest Penalty

In analyzing the given data, it was noted that this problem could be approached by using hypothesis testing. In viewing this case, it was determined that the case was asking two questions which had to be answered by using both proportional hypothesis testing and mean hypothesis testing. By using hypothesis testing, many assumptions had to be made. First of all, both hypo

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In the proportion hypothesis, z had to be used, but it really is only supposed to be used in a large sample. The null hypothesis of this test was Ĉ> 0. One major factor was that the sample size was only 26. It does not satisfy all the criteria stated in the advertisement. After more clearly representing the data on the graph, it was analyzed to determine if the calculated values fell within the given intervals. I first began with the mean hypothesis. Next, I drew a graph, which was lower-tailed, as shown in appendix a-2. The number was found by using the area from the curve, mean to z critical, which was 0.

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Approximate Word count = 1072
Approximate Pages = 4 (250 words per page double spaced)

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