Example: Financial institutions have a legal and social responsibility to serve

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Example: Financial institutions have a legal and social responsibility to serve all communities. In New Jersey, banks have been charged with withdrawing from urban areas with a high percentage of minorities. To examine this charge, a regional New Jersey newspaper, the Ashbury Park Press compiled data for a random sample of 10 counties on the number of people in each county per bank branch and the percentage of the population in each county that is a minority. The data was entered in MINITAB and a least-squares regression line was fit to explain the relationship between number of people per bank branch and the percentage of the population that is a minority. The MINITAB output is shown below. Use this output to test the claim (at the 0.05 significance level) that New Jersey banks are withdrawing from areas with a high percentage of minorities. Coefficients Coef SE Coef T-Value P-Value VIF Term Constant 2200.184 177.934 12.37

Explanation / Answer

here p value less than < significance value(0.05)

we know that,if p value less than < significance value reject null hypothesis.

accept alternative hypothesisa that,

we are concluded that newjersy banks are withdrawing from areas with a high percentage of minorities

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