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According to a credit reporting agency, 4.1% of car-loan payments were 90 days past due in a certain region in 2016. Lenders prefer auto loans

According to a credit reporting agency,

4.1%

of car-loan payments were

90

days past due in a certain region in

2016.

Lenders prefer auto loans to home mortgages because when borrowers get into financial trouble they tend to pay the auto loan first because cars are more easily seized by banks. A random sample of

25

car loans was randomly selected. Complete parts a through d.

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