About ________ Percent of SBA-Backed Loans Go to Start-Up Companies

question 113

Multiple Choice

About ________ percent of SBA-backed loans go to start-up companies.

• A) 59
• B) 49
• C) 29
• D) 9

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Definitions:

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis, significant in hypothesis testing.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of the risk of making a Type I error.

Proportions

A statistical measure that reflects the size of a part compared to the whole, typically expressed as a fraction or a percentage.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically set prior to conducting the test.