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TABLE 12-8
The director of transportation of a large company is interested in the usage of the company's van pool program. She surveyed 129 of her employees on the usage of the program before and after a campaign to convince her employees to use the service and obtained the following:
She will use this information to perform test using a level of significance of 0.05.
-Referring to Table 12-8, the director now wants to know if the proportion of employees who use the service before the campaign and the proportion of employees who use the service after the campaign are the same. She should reject the null hypothesis using a 5% level of significance.
Credit Histories
Records that detail an individual's or entity's past borrowing and repayment activity, including any late payments, defaults, and current levels of indebtedness.
Asymmetric Information
A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair outcomes.
Cost of Borrowing
The total expenses, including interest and fees, associated with taking out a loan.
Lemons
In economics, it refers to low-quality or flawed products that are difficult to identify prior to purchase, notably used in the context of the used car market.
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