From a total of 10,200 loans made by a state employees’ credit union in the most recent 5-year period, 350 were sampled to determine what proportion was made to women. This sample showed that 39 percent of the loans were made to women employees. A complete census of loans 5 years ago showed that 41 percent of the borrowers then were women. At a significance level of 0.02, can you conclude that the proportion of loans made to women has changed sig- nifi cantly in the past 5 years?
Contact us for the solution
