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Q:Question:A loan officer compares the interest rates for 48 -month fixed-rate auto loans and 48 -month variable-fate 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-fate 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: 2.408 3.028 2.8678 3.228 3.118 while a sample of five 48 -month fixed-rate auto loans had loan rates as follows: [ 4.0351 3.851 4.3651 3.841 4.091 ] Figure 11.7A:Answer:See a step by step answer
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