Subprime Lending Is Lending to Homebuyers Below the Banks' Posted

question 107

True/False

Subprime lending is lending to homebuyers below the banks' posted prime rate.

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Definitions:

Chi-square Statistic

A number that tells us how much the observed counts in a statistical test differ from the counts we would expect if there were no relationship in the population.

P-value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Null Hypothesis

A statement in statistical analysis that implies no effect or no difference, and serves as the starting assumption for testing.

College Location

The geographical setting or campus where a college or university is situated, which can influence campus life and opportunities.