Mathematics, 05.05.2020 04:07 brain9787
In 2008, the average household debt service ratio for homeowners was 13.2. The household debt service ratio is the ratio of debt payments (such as mortgage payments) to disposable personal income. You are asked to evaluate this debt ratio for the last 10 years using a random sample of 44 Americans with a Mean =13.88 and a sample standard deviation of 3.14. Can you infer from the data that the debt service ratio has increased since 2008? Use alpha=0.05 Repot the value of the test statistics and critical value or p-valu
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In 2008, the average household debt service ratio for homeowners was 13.2. The household debt servic...
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