Confidence Interval Estimate for the Proportion Data Sample Size Number of Successes Confidence Level

10 5 95%

Intermediate Calculations Sample Proportion 0.5 Z Value -1.959963985 Standard Error of the Proportion 0.158113883 Interval Half Width 0.309897516 Confidence Interval Interval Lower Limit 0.190102484 Interval Upper Limit 0.809897516

The confidence interval states that with 95% confidence, the proportion of all banks with the mortag 95% confident that the true population proportion of Banks with mortagage is between 19% and 80%. Out of 100 samples of 10 banks, 95 sample proportions would fall between 0.19 and 0.80.

of all banks with the mortagage will between 19% and 80%.

ID 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Name of the bank Bank Of America HSBC Bank Of America CHASE CHASE PNC Others Others Others Citi Group Bank Of America Citi Group US Bank US Bank CHASE HSBC HSBC US Bank Citi Group Bank Of America Others

Bank Loan questionnaire Loan Type Loan Amount Rate of Interest taken Repayment Period Personal Loan $4,000 5.80% Car/Auto Loan $9,500 5.50% Car/Auto Loan $8,000 4.80% Personal Loan $6,000 6.00% Home Loan $45,000 6.10% Home Loan $30,000 5.90% Education Loan $15,000 5.40% Home Loan $32,000 6.40% Car/Auto Loan $8,000 5.30% Car/Auto Loan $9,000 5.40% Car/Auto Loan $7,500 5.60% Education Loan $12,000 4.20% Personal Loan $10,000 6.00% Personal Loan $6,000 5.80% Home Loan $22,000 6.00% Car/Auto Loan $9,000 5.90% Education Loan $12,000 4.80% Personal Loan $6,000 5.20% Car/Auto Loan $5,000 5.90% Home Loan $45,000 6.20% Home Loan $32,000 6.00% $15,857 13038.54177 5.63% 0.005386491

4 5 2 3 4 4 3 6 5 5 4 4 4 3 4 3 3 3 3 5 5

PopulationMean PopulationstandardDeviation

3.904761905 0.995226703

Employment Type Public Sector Private Sector Public Sector Public Sector Self Employed Self Employed Student Public Sector Private Sector Other Public Sector Student Private Sector Private Sector Other Private Sector Student Private Sector Private Sector Other Private Sector

Any Mortagage? No Yes No No Yes Yes No Yes No No No Yes No No Yes Yes No No No Yes Yes

ID 8 7 13 2 6 4 18 20 15 19

Name of the bank Others Others US Bank HSBC PNC CHASE US Bank Bank Of America CHASE Citi Group SampleMean SampleStandardDeviation PopulationMean PopulationStandardDeviation

Loan Amount Rate of Interest taken Repayment Period $32,000 6.40% 6 $15,000 5.40% 3 $10,000 6.00% 4 $9,500 5.50% 5 $30,000 5.90% 4 $6,000 6.00% 3 $6,000 5.20% 3 $45,000 6.20% 5 $22,000 6.00% 4 $5,000 5.90% 3 $18,050 5.85% 4 13691.94816 0.003719319 1.054092553 $15,857 13038.54177 5.63% 0.005386491 3.904761905 0.995226703

Confidence Interval Estimate for the Mean LoanAmount Data Population Standard Deviation Sample Mean Sample Size Confidence Level

13038.54177 18050 10 95%

Intermediate Calculations Standard Error of the Mean 4123.148936 Z Value -1.959963985 Interval Half Width 8081.223418 Confidence Interval Interval Lower Limit 9968.776582 Interval Upper Limit 26131.22342 95% confident that the true population mean LoanAmount is between 9969 and 26132 Out of 100 samples of 10 Loan Amounts, 95 sample mean Loan Amounts would fall between 9968.78 and 26131.22.

ID 8 7 13 2 6 4 18 20 15 19

Name of the bank Others Others US Bank HSBC PNC CHASE US Bank Bank Of America CHASE Citi Group

Loan Type Loan Amount Rate of Interest taken Home Loan $32,000 6.40% Education Loan $15,000 5.40% Personal Loan $10,000 6.00% Car/Auto Loan $9,500 5.50% Home Loan $30,000 5.90% Personal Loan $6,000 6.00% Personal Loan $6,000 5.20% Home Loan $45,000 6.20% Home Loan $22,000 6.00% Car/Auto Loan $5,000 5.90%

Repayment Period 6 3 4 5 4 3 3 5 4 3

Employment Type Public Sector Student Private Sector Private Sector Self Employed Public Sector Private Sector Other Other Private Sector

Any Mortagage? Yes No No Yes Yes No No Yes Yes No

Confidence Interval Estimate for the Population Variance PublicSector PrivateSector Data Sample Size 5 8 Sample Standard Deviation 0.004435395 0.00551171 Confidence Level 95% 95% Intermediate Calculations Degrees of Freedom Sum of Squares Single Tail Area Lower Chi-Square Value Upper Chi-Square Value Results Interval Lower Limit for Variance Interval Upper Limit for Variance Interval Lower Limit for Standard Deviation Interval Upper Limit for Standard Deviation

4 7 7.86909E-05 0.000212653 0.025 0.025 0.484418557 1.689869181 11.14328678 16.01276427

The interest rate is

7.06173E-06 1.32802E-05 0.000162444 0.00012584 0.002657392 0.012745354 0.0036442 0.01121783

Assumption: Population from which sample was drawn has an approximate normal distribution.

The interest rate is

ID 1 3 4 8 11

Name of the bank Loan Type Bank Of America Personal Loan Bank Of America Car/Auto Loan CHASE Personal Loan Others Home Loan Bank Of America Car/Auto Loan SampleMean SampleStandardDeviation

Loan Amount $4,000 $8,000 $6,000 $32,000 $7,500

Rate of Interest taken 5.80% 4.80% 6.00% 6.40% 5.60% 5.65% 0.004435395

Repayment Period 4 2 3 6 4

Employment Type Public Sector Public Sector Public Sector Public Sector Public Sector

Any Mortagage? No No No Yes No

ID 8 7 13 2 6 4 18 20 15 19

Name of the bank Loan TypeLoan Amount of Interest takenEmployment Type Rate Repayment Period Any Mortagage? Others Home Loan $32,000 6.40% 6 Public Sector Yes Others Education Loan $15,000 5.40% 3 Student No US Bank Personal Loan$10,000 6.00% 4 Private Sector No HSBC Car/Auto Loan $9,500 5.50% 5 Private Sector Yes PNC Home Loan $30,000 5.90% 4 Self Employed Yes CHASE Personal Loan $6,000 6.00% 3 Public Sector No US Bank Personal Loan $6,000 5.20% 3 Private Sector No Bank Of America Loan $45,000 Home 6.20% 5 Other Yes CHASE Home Loan $22,000 6.00% 4 Other Yes Citi Group Car/Auto Loan $5,000 5.90% 3 Private Sector No

ID 8 7 13 2 6 4 18 20 15 19

Name of the bank Others Others US Bank HSBC PNC CHASE US Bank Bank Of America CHASE Citi Group SampleMean SampleStandardDeviation

Loan Amount Rate of Interest taken Repayment Period $32,000 6.40% 6 $15,000 5.40% 3 $10,000 6.00% 4 $9,500 5.50% 5 $30,000 5.90% 4 $6,000 6.00% 3 $6,000 5.20% 3 $45,000 6.20% 5 $22,000 6.00% 4 $5,000 5.90% 3 $18,050 5.85% 4 13691.94816 0.003719319 1.054092553

Alpha = Level of Significance = 1 - Confidence Level = 0.05 Population Standard Deviation 13038.54177 Sample Size 10 Sample Mean (x-bar) 18050

Confidence Confidence Interval UpperLimit Confidence Interval UpperLimit

8081.223418 26131.22342 9968.776582