Question
Researchers wanting to determine the financing period preference for car shoppers, varied by age, conducted a study in which ten participants were sampled. The data
Researchers wanting to determine the financing period preference for car shoppers, varied by age, conducted a study in which ten participants were sampled. The data collected from all ten participants was follows: Participant(P)1 was 42-year old shopper looking for financing for 60-months; was a 18-year old shopper looking for financing for 24-months; P3 was 45. years old and looking to finance for 48-months; P4 was 50 and wanted 60 months; P5 was 22 and wanted 48; P6 was 34 and wanted 48; P7 was 61 and vanted 60: P8 was 25 and wanted 72-months: P9 was 43 and wanted 48: and 310 was 18 and looking for a 72-month financing deal.
Assuming that there are no residuals, what is estimated amount of time in months for the financing preference?
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