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suter [353]
3 years ago
11

A national interest rate on houses for 25 years is 4.3%. A banker in a large northwestern city believes that the local interest

rates are lower than the national rate. What is the null hypothesis that this banker wishes to test?
Mathematics
1 answer:
stepladder [879]3 years ago
7 0
The national interest rate on houses for 25 years is 4.3%. The banker wishes to test that the local interest rates are lower than the national rate. So he should use the initial data of 4.3% interest as his base data. Then he should investigate the rates of houses in the local vicinities and compare it to his base data. 
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