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Mathematics, 06.06.2020 21:59 sloansters9315
In a study, professor Michael LaCour-Little selected independent random samples of mortgages that were refinanced and mortgages that were not refinanced. (Source: Michael LaCour-Little, "Another Look at the Role of Borrower Characteristics in Predicting Mortgage Prepayments, " Journal of Housing Research, Volume 10, Issue 1.) Of the 115 refinanced mortgages, the mean mortgage rate was 8.62 with a sample standard deviation of 0.55. Of the 130 mortgages that were not refinanced, the mean mortgage rate was 8.09 with a sample standard deviation of 0.66. Suppose you intend to conduct a hypothesis test on the difference in population means. In preparation, you call the sample of mortgages that were refinanced sample 1 and the sample of mortgages that were not refinanced sample 2. Organize the provided data by completing the following table:Sample 1 Sample 2n1= n2=u1= u2=M1= M2=S1= S2=
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In a study, professor Michael LaCour-Little selected independent random samples of mortgages that we...
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