Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A large national bank determines if each of its branches is profitable or not profitable. Additionally, the location of each branch is classified as urban, suburban, or rural. A summary of the profitability and location type of a random sample of 175 of the bank’s branches is shown in the table.

Profitable Not Profitable
Urban 64 17
Suburban 39 22
Rural 18 15

(a) From the sample of 175 branches summarized above:

(i) What proportion of branches are profitable?
(ii) What proportion of branches from an urban location are profitable?
(iii) What proportion of branches from a rural location are profitable?

(b) Assuming the conditions for inference are met, does the data provide convincing statistical evidence that profitability and location type are independent for the bank at a 5 percent level of significance? Complete the appropriate inference procedure to support your answer.

Sagot :

Answer:

Step-by-step explanation:

i) (64+39+18)/(175)=0.691

ii) 64/(64+17)=0.79

iii) 18/(18+15)=0.55

ashishdwivedilVT

(1) The proportion of branches that are profitable 121/175.

2) Proportion of branches from an urban location that is profitable 64/175.

3) The proportion of branches from a rural location is profitable 33/175.

It is given that:

From the sample of 175 branches,

                Profitable Not Profitable

Urban                64                17

Suburban          39               22

Rural                  18                15

Total number of samples = 175

What is a proportion?

Proportion is a part, share, or number considered in comparative relation to a whole.

(1) The proportion of branches that are profitable:

= (64+39+18)/175

=121/175

2) Proportion of branches from an urban location that is profitable:

=64/175

3) The proportion of branches from a rural location is profitable:

=(18+15)/175 = 33/175

Therefore, (1) The proportion of branches that are profitable 121/175.

2) Proportion of branches from an urban location that is profitable 64/175.

3) The proportion of branches from a rural location is profitable 33/175.

To get more about proportions visit:

https://brainly.com/question/18437927

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.