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Q:Question:Please help (d) and (e). Thank you. A loan officer compares the interest rates for 48-month fixed-rate auto loans and 48-month variable-rate auto loans. Two
Q:Question:Please help (d) and (e). Thank you. 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 % 3.06 % 2.866 % 3.28 % 3.14 % while a sample of five 48-month fixed-rate auto loans had loan rates as follows: 4.026 % 3.89 %A:Answer:See a step by step answer
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