UniversityEssayServices

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: 4.29% 3.75% 3.5% 3.99% 3.75% 3.99% 5.4% 4% while a sample of five 48-month variable-rate auto loans had loan rates as follows: 3.59% 2.75% 2.99% 2.5% 3% a) Set up the null and alternative hypotheses needed to determine whether the mean rates for 48-month fixed-rate and variable-rate auto loans differ. b) Assuming that the normality and equal variances assumptions hold, use critical values to test these hypotheses by setting α equal to .10 Interpret the results c) Use the p-value to test these hypotheses by setting α equal to .10

Found something interesting ?

• On-time delivery guarantee
• PhD-level professional writers
• Free Plagiarism Report

• 100% money-back guarantee
• Absolute Privacy & Confidentiality
• High Quality custom-written papers

Related Model Questions

Feel free to peruse our college and university model questions. If any our our assignment tasks interests you, click to place your order. Every paper is written by our professional essay writers from scratch to avoid plagiarism. We guarantee highest quality of work besides delivering your paper on time.

Sales Offer

Coupon Code: SAVE25 to claim 25% special special discount
SAVE