Question: One measure of the state of the economy is the
One measure of the state of the economy is the amount of money homeowners pay on their mortgage each month. To determine the extent of change between this year and 5 years ago, a random sample of 150 homeowners was drawn. The monthly mortgage payments for each homeowner for this year and for 5 years ago were recorded. (The amounts have been adjusted so that we’re comparing constant dollars.) Can we infer that mortgage payments have risen over the past 5 years?
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