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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 loan rates
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: 2.50% 3.12% 2.880% 3.19% 3.22% while a sample of five 48-month fixed-rate auto loans had loan rates as follows: 4.028% 3.93% 4.395% 3.65% 4.20% Figure 11.7 JMP Output of TestingA:Answer:See a step by step answer
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