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A car loans officer of a large commercial bank wishes to determine whether the amount of money owned by delinquent car-loan customers when their car
A car loans officer of a large commercial bank wishes to determine whether the amount of money owned by delinquent car-loan customers when their car is repossessed is related to the type of car owned. Twenty delinquent customers are randomly selected and assigned to 1 of 4 groups, depending on the type of car owned. The outstanding amount of the loan is then recorded. This data (in hundreds of dollars) is presented below.
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