Hypothesis Test Scenario: Identifying Real and Fake Results

Discussion: Was it Real or Fake?
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A bank's mortgage division is interested in finding out the characteristics of first-time borrowers. It will utilize the information to adjust its marketing plan. According to the department, half of first-time borrowers seek smaller loans than others. This is a test of the hypothesis to establish whether the proportion is equivalent to 50 percent or otherwise. The study results of one hundred first-time lenders demonstrate that 54 of the loans taken are lower than those of other borrowers. The researchers employed a 5% significance threshold for the hypothesis test. In this case, H0: p = 0.50 and ha: p 0.50 are set as the null and alternative hypotheses, respectively (Holmes et al., 2017). To determine sample variables and statistics test significance value in this situation, a test is carried out using a sample of 100. It was discovered that 53 new borrowers were ...