Use the Following to Answer the Question(s) Below

question 19

Multiple Choice

Use the following to answer the question(s) below.
A sample of 30-year fixed mortgage rates at 12 randomly chosen credit unions yields a mean rate of 6.65 % and a sample standard deviation of 0.39%. A sample of 30-year fixed mortgage rates at 16 randomly selected banks yields a mean rate of 7.05% and a sample standard deviation of 0.22%. Are the mean rates different between credit unions and banks? Relevant output is shown below.
-Which of the following is true?

• A) This is a paired t-test.
• B) This is a test for two means from independent samples.
• C) This is a one-tailed test.
• D) This is a paired design and one-tailed t-test.
• E) This is a pooled t-test.

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Definitions:

Unmotivated Owners

Refers to individuals who possess ownership in a business but lack interest, enthusiasm, or the drive to actively engage, lead, or improve the venture.

Government Loans

Financial sums lent to individuals or entities by government bodies, often with lower interest rates and longer repayment terms than private loans.

Government Purchasing Programs

Initiatives or schemes implemented by the government to buy or procure goods and services, often to support domestic producers or fulfill public service mandates.

Franchises

Business models where individuals or entities purchase the rights to operate a business under a company’s brand and guidance.