(a) Set up the null and alternative hypotheses needed to determine whether the mean rates for 48-month variable-rate and fixed-rate auto loans differ. HO: pf-μv= 0 versus Ha: uf - μv (b) Figure 11.7 gives the JMP output of using the equal variances procedure to test the hypotheses you set up in part a. Assuming that the normality and equal variances assumptions hold, use the JMP output and critical values to test these hypotheses by setting a equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ? (Round your answer to 3 decimal places.) t= we will reject with 8 df the null hypothesis in favor of the alternative for each a value. evidence that rates differ. (c) Figure 11.7 gives the p-value for testing the hypotheses you set up in part a. Use the p-value to test these hypotheses by setting a equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ? (Round your answer to 4 decimal places.) p-value= 0.0020 we will Strong reject evidence. the null hypothesis in favor of the alternative for each a value.
(a) Set up the null and alternative hypotheses needed to determine whether the mean rates for 48-month variable-rate and fixed-rate auto loans differ. HO: pf-μv= 0 versus Ha: uf - μv (b) Figure 11.7 gives the JMP output of using the equal variances procedure to test the hypotheses you set up in part a. Assuming that the normality and equal variances assumptions hold, use the JMP output and critical values to test these hypotheses by setting a equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ? (Round your answer to 3 decimal places.) t= we will reject with 8 df the null hypothesis in favor of the alternative for each a value. evidence that rates differ. (c) Figure 11.7 gives the p-value for testing the hypotheses you set up in part a. Use the p-value to test these hypotheses by setting a equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ? (Round your answer to 4 decimal places.) p-value= 0.0020 we will Strong reject evidence. the null hypothesis in favor of the alternative for each a value.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Transcribed Image Text:(a) Set up the null and alternative hypotheses needed to determine whether the mean rates for 48-month variable-rate and fixed-rate
auto loans differ.
HO: pf-μv=
0
versus Ha: uf - μv
(b) Figure 11.7 gives the JMP output of using the equal variances procedure to test the hypotheses you set up in part a. Assuming that
the normality and equal variances assumptions hold, use the JMP output and critical values to test these hypotheses by setting a
equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ?
(Round your answer to 3 decimal places.)
t=
we will
reject
with 8 df
the null hypothesis in favor of the alternative for each a value.
evidence that rates differ.
(c) Figure 11.7 gives the p-value for testing the hypotheses you set up in part a. Use the p-value to test these hypotheses by setting a
equal to .10, .05, .01, and .001. How much evidence is there that the mean rates for 48-month fixed- and variable-rate auto loans differ?
(Round your answer to 4 decimal places.)
p-value=
0.0020
we will
Strong
reject
evidence.
the null hypothesis in favor of the alternative for each a value.
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