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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: [ 2.46 x 3.61 x 2.873 x 3.28 x 3.13 x ] while a sample of five 48 -month fixed-rate auto loans had loan rates as follows: [ 4.623 x 3.82 % 4.385 x 3.78 % 4.67A:Answer:a) b) We will reject the null hypothesis in favor ...
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