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In 2006, the average household debt service ratio for homeowners was 14.35. The household debt service ratio is the ratio of debt payments to disposable personal income. Debt payments consist of mortgage payments and payments on consumer debts. To determine whether this economic measure has increased a random sample of Americans was drawn. Can we infer from the data that the debt service ratio has increased since 2006? Use a 5% significance level.

In 2006, the average household debt service ratio for homeowners was 14.35. The household debt service ratio is the ratio of debt payments to disposable personal income. Debt payments consist of mortgage payments and payments on consumer debts. To determine whether this economic measure has increased a random sample of Americans was drawn. Can we infer from the data that the debt service ratio has increased since 2006? Use a 5% significance level.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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100%
Debt ratio
13.93
17.35
16.37
18.15
14.22
11.4
14.77
13.8
16.1
11.58
13
17.57
13.57
11.76
14.32
10.87
13.72
10.13
9.51
18.1
10.26
14.92
9.61
13.5
13.43
9.79
18.92
15.28
13.43
3.09
16.37
17.41
14.66
12.11
10.31
13.95
16.09
13.03
14.22
20.57
13.61
14.89
13.69
17.3
16.39
16.3
9.3
17.06
11.32
9.63
10.19
15.49
14.69
16.09
7.91
12.76
11.66
18.31
16.57
11.69
6.19
19.71
14.67
14.38
17.34
13.68
22.55
17.41
18.03
15.91
8.96
18.05
14.69
16.13
13.2
17.58
16.06
11.23
16.61
12.79
15.69
21.52
27.64
21.27
20.39
25.2
16.36
12.67
13.65
12.89
15.72
15.43
11.12
12.46
9.77
17.26
24.67
15.75
7.61
9.26
12.78
6.59
10.48
13.03
19.15
9.99
19.81
21.02
14.88
12.43
13.23
16.06
9
9.08
13.56
10.46
16.88
23.22
7.99
10.83
13.61
12.01
11.02
24.86
25.79
12.38
20.01
8.09
14.18
9.11
15.46
14
16.44
6.28
14.55
14.99
17.07
14.99
10.19
15.03
14.36
16.51
12.51
12.7
24.3
7.45
18.74
15.17
12.68
15.37
11.25
21.27
5.01
15.81
10.26
20.67
11.99
18.72
20.86
18.77
13.64
13.75
18.75
15.71
17.31
14.5
9.24
11.33
17.22
10.27
13.12
11.55
12.84
16.43
16.13
20.8
11.34
11.65
16.55
14.78
18.36
15.83
16.58
16.64
22.36
24.75
21.52
17.38
15.43
22.69
14.96
22.77
16.51
17.45
15.95
19.45
12.54
21.53
16.09
18
9.07
21.11
3.42
11.48
11.36
19.3
10.37
12.96
9.89
19.11
10.66
13.15
20.54
14.38
19.86
15.56
17.21
12.1
21.02
9.92
5.89
0.84
16.93
13.05
14.71
13.73
25.01
10.61
15.65
4.96
6.42
16.8
14.3
12.17
15.78
3.52

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In 2006, the average household debt service ratio for homeowners was 14.35. The household debt service ratio is the ratio of debt payments to disposable personal income. Debt payments consist of mortgage payments and payments on consumer debts. To determine whether this economic measure has increased a random sample of Americans was drawn. Can we infer from the data that the debt service ratio has increased since 2006? Use a 5% significance level.
Transcribed Image Text:In 2006, the average household debt service ratio for homeowners was 14.35. The household debt service ratio is the ratio of debt payments to disposable personal income. Debt payments consist of mortgage payments and payments on consumer debts. To determine whether this economic measure has increased a random sample of Americans was drawn. Can we infer from the data that the debt service ratio has increased since 2006? Use a 5% significance level.
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