Bank Loan \"A bank loan department was trying to assess which potential borrower

Question

Bank Loan "A bank loan department was trying to assess which potential borrowers are the riskiest. They compared the mortgage histories of a group of unmarried borrowers with those of a group of married borrowers. The unmarried borrowers were three times as likely to default as the married borrowers. The p-value was 0.124" Which of the four options below best describes these results? a) They are statistically significant and also of practical importance. b) They are statistically significant but not of practical importance. c) They are not statistically significant but they are of practical importance. d) They are not statistically significant and they are not of practical importance, either.

Explanation / Answer

The correct answer is that they are not statistically significant and but they are still of practical importance. So answer.

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