One Would Be More Likely to Pay Discount Points If

question 28

Multiple Choice

One would be more likely to pay discount points if she expected

• A) to live in the house a short period of time.
• B) to live in the house a long period of time.
• C) interest rates to go up.
• D) interest rates to go down.
• E) interest rates to remain constant.

---

Definitions:

Null Hypothesis

A hypothesis that suggests there is no statistical significance between the two observed phenomena.

Alpha

In statistics, often referred to as the significance level, it represents the probability of rejecting the null hypothesis when it is actually true.

Degrees Of Freedom

The number of independent pieces of information used to calculate a statistic, often influencing the shape of various sampling distributions.

Statistical Analysis

The method of gathering, examining, analysing, and showcasing information to identify inherent trends and patterns.