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 eight 48-month fixed-rate auto loans had the following loan rates: 12.29% 11.75% 9.50% 8.99% 9.25% 10.99% 9.40% 11.55% while a sample of five 48-month variable-rate auto loans had loan rates as follows: 8.59% 9.75% 7.99% 9.50% 8.29% State the estimateA:Answer:See a step by step answer