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The bad debt ratio for a financial institution is defined to be the dollar value divided by the total dollar value of all loans made. Suppose that a ra Ohio banks is selected and that the b 796, 4%, 6%, Midwestern banks is 7% and that the mean debt ratio for Ohio banks is lower. Ist claim? 9) of loans defaulted ndom sample of seven ad debt ratios (written in percentages) for these banks are 7%, 5%, 4%, and 9%. Banking officials claim that the mean bad debt ratio for all this a correct

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