Multiple Choice
A particular bank has two loan modification programs for distressed borrowers: Home Affordable Modification Program (HAMP) modifications,where the federal government pays the bank $1,000 for each successful modification,and non-HAMP modifications,where the bank does not receive a bonus from the federal government.To qualify for a HAMP modification,borrowers must meet a set of financial suitability criteria.What type of hypothesis test should we use to test whether borrowers from this particular bank who receive HAMP modifications are more likely to re-default than those who receive non-HAMP modifications?
A) A hypothesis test for p1- p2.
B) A hypothesis test for µ1- µ2.
C) A matched-pairs hypothesis test for the population means.
D) A matched-pairs hypothesis test for the population proportions.
Correct Answer:
Verified
Correct Answer:
Verified
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