Ophelia O'Brien, VP of Consumer Credit of American First Banks $\alpha$

question 38

Multiple Choice

Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB) , monitors the default rate on personal loans at the AFB member banks.One of her standards is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans.Last Friday's sample contained 30 defaulted loans.Using $\alpha$ = 0.10, the observed z value is _______.

• A)1.03
• B)-1.03
• C)0.046
• D)-0.046
• E)1.33

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Definitions:

Functional Age

Measure of a person’s ability to function effectively in his or her physical and social environment in comparison with others of the same chronological age.

Geriatrics

The branch of medicine focusing on the health, care, and diseases of older adults and the challenges associated with aging.

Gerontology

The study of the aging process, including the biological, psychological, and social aspects of aging.

Primary Aging

The natural, biological process of aging that is genetically programmed and inevitable.