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An economist is interested in assessing the impact of a rise in the interest rate on the monthly home loan repayment. Forty-three home loans were

An economist is interested in assessing the impact of a rise in the interest rate on the monthly home loan repayment. Forty-three home loans were randomly sampled, with their respective monthly home loan repayments in 2020 and 2022 recorded below.

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Monthly repayment in 2020 Monthly repayment in 2022 Differences in the monthly repayment Descriptive Statistics for the Monthly Home Loan Repayments (in dollars) Mean Standard Deviation Count 1463.42 73.11 39 1615.48 130.84 39 152.06 142.28 39

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