Exhibit 17

question 98

Essay

Exhibit 17.9.A bank manager is interested in assigning a rating to the holders of credit cards issued by her bank.The rating is based on the probability of defaulting on credit cards and is as follows.

Understand the concept of power in hypothesis testing and its implications.

Apply t-test procedures for means including assumptions and calculations.

Analyze data significance using P-values in various contexts.

Assess the robustness of t procedures under different distributions.

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Definitions:

Archaea

A category of unicellular microorganisms that are genetically different from bacteria and eukaryotes, typically thriving in harsh conditions.

Prokaryotes

Single-celled organisms that lack a membrane-bound nucleus and other organelles.

Eukaryotes

Beings that have cells which include a nucleus and different organelles, all surrounded by membranes.

Lac Operon

A group of genes in bacteria controlled by a single promoter, involved in lactose metabolism and regulation of gene expression.