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Q:Question:A loan officer compares the interest rates for 48-month fixed-rate auto loans and 48 -month varlable-rate auto loans. Two independent, random samples of auto loan
Q:Question:A loan officer compares the interest rates for 48-month fixed-rate auto loans and 48 -month varlable-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: [ 2.608 3.088 2.8688 3.218 3.238 ] while a sample of five 48-month fixed-rate auto loans had loan rates as follows: [ 4.0288 3.898 4.3888 3.668 4.198 ] Figure
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