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 are the times, in minutes, for eight customers to complete the application process for a 15-year fixed-rate mortgage and the times for nine customers to complete an application for a 30-year fixed-rate mortgage. In recent times, with mortgage rates at low levels, financial institutions have had to provide more customerconvenience. One of the innovations offered by Coastal National Bank and Trust is online entry of mortgageapplications. Listed are the times, in minutes, for eight customers to complete the application process for a 15-yearfixed-rate mortgage and the times for nine customers to complete an application for a 30-year fixed-rate mortgage.15 years, fixed rate30 years, fixed rate24,50,76,45,68,40,27,52,64,45,4071,34,45,62,40,57Click here for the Excel Data FileDo not assume the distribution times follow a normal distribution for either group.a. State the decision rule. Use the 0.05 significance level. (Negative amounts should be indicated by a minus sign.Round your answer to 3 decimal places.)Ha: The distributions are the same.H: The 30-year distribution is smaller or to the left.Reject Ho if z > b. Complete the following table. (Round your answers to 1 decimal places.)30 Year15 YearTimeRankTimeRank3471502445764068522745646245404057c. What is the Wilcoxon rank-sum test value, at the 0.05 significance level?(Round your answer to 2 decimal places.)d. At the 0.05 significance level, is it reasonable to conclude that it takes lesstime for those customers applying for the 30-year fixed-rate mortgage?Ho isIt takestime to complete the 30-year appl

Name: In recent times, with mortgage rates at low levels, financial institut
Uploaded: 2024-03-05T11:52:21.000Z
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Description: 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 are the times