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School

Karachi School for Business & Leadership *

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Course

2160

Subject

Economics

Date

Nov 24, 2024

Type

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Pages

1

Uploaded by ChiefNewt2850

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Question A loan officer claims that the average interest rate that compounds annually on a five-year loan is greater than 5.75 percent. If the loan officer wants to conduct a hypothesis test, should they use a left-, right-, or two-tailed hypothesis test to analyze whether the average interest rate that compounds annually on a five-year loan is greater than 5.75 percent?
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