Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you need. Ask any question and get a detailed, reliable answer from our community of experts.

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

AshishdwivedilVTidn

(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

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.