In recent times, with mortgage rates at low levels, financial institutions have had to
Chapter 0, Problem 18(choose chapter or problem)
In recent times, with mortgage rates at low levels, financial institutions have had to provide more customer convenience. One of the innovations offered by Coastal National Bank and Trust is online entry of mortgage applications. Listed below is the time, in minutes, to complete the application process for customers applying for a 15-year fixed-rate and a 30-year fixed-rate mortgage.
At the .05 significance level, is it reasonable to conclude that it takes less time for those customers applying for the 30-year fixed-rate mortgage? Do not assume the distribution times follow a normal distribution for either group
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