The Jefferson Valley Bank increased its new-car loan rate by 100%. Decide whether the statement make sense

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The Jefferson Valley Bank increased its new-car loan rate by 100%. Decide whether the statement make sense or not? Explain clearly.

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Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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Question Posted: Dec 23, 2015 07:23 AM

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The Jefferson Valley Bank increased its new-car loan rate (annual) by 100 percentage points. Decide whether the statement make sense or not? Explain clearly.
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The Jefferson Valley Bank increased its new-car loan rate by 100%. Decide whether the statement make sense

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This makes sense The 100 increase in...View the full answer

Statistical Reasoning for Everyday Life

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