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hey, can someone please help me with this asappp :) Descriptive Statistim for Home Loan Repayments in mid-2022 Mean Standard Error Standard Deviation n Current
hey, can someone please help me with this asappp :)
Descriptive Statistim for Home Loan Repayments in mid-2022 Mean Standard Error Standard Deviation n Current monthly repayment 1803.56 9.89 67.11 46 Differences in monthly repayment 451.38 29.31 198.78 46 Answer the following questions, if needed, by using Excel to analyse the data. Research Question: An economist is interested in assessing whether the average monthly repayment has changed since 2020. 4. (1 mark) The most appropriate hypothesis test for these data is 3 5. (2 marks) What is the absolute value of the test statistic ? (3dp) 6. (2 marks) Is the p-value for this test statistic greater or less than 0.05? : 7. (3 marks) Calculate a 95% confidence interval to estimate the average change in monthly repayment paid by all home loan customers between mid2020 and mid-2022. The Absolute Value of the Critical Value for a 95% confidence interval is (3dp) Lower Bound : $ (2dp) Upper Bound = $ (de) For the same sample size, increasing the confidence level from 95% to 99% will result in 8. (1 mark) the value of the tcritical value 9. (1 mark) the width of the confidence interval accurate 0 10. (1 mark) makes our estimated intervalStep by Step Solution
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