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 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.
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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Question
Please complete the following. Please show work. Thank you!

Transcribed Image Text:b. Complete the following table. (Round your answers to 1 decimal places.)
30 Year
15 Year
Time
Rank
Time
Rank
21
3.5
41
27
36
36
42
20
2.0
39
19
1.0
36
21
3.5
48
39
49
24
4.5
38
22
5.0
19.5
0.0
c. What is the Wilcoxon rank-sum test value, at the 0.05 significance level? (Round your answer to 2 decimal places.)
z =

Transcribed Image Text: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.
years, fixed rate
30 years, fixed rate
15
41
36
42
39
36
48
49
38
21
27
36
20
19
21
39
24
22
Click here for the Excel Data File
Do 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.)
Ho: The distributions are the same.
Hị: The 30-year distribution is smaller or to the left.
Reject Ho if z >
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