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Q:Question:A loan officer compares the interest rates for 48 -month fixed-rate auto loans and 48 -month variable-rate auto loans. Two independent, random samples of auto
Q:Question:A loan officer compares the interest rates for 48 -month fixed-rate auto loans and 48 -month variable-rate auto loans. Two independent, random samples of auto loan rates are selected. A sample of five 48-month variable-rate auto loans had the following loan rates: 2.508 3.104 2.8698 3.236 3.176 while a sample of five 48-month fixed-rate auto loans had loan rates as follows: [ 4.034 t 3.774 4.3878 3.764 4A:Answer:See a step by step answer
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