Since 1980, average mortgage interest rates have fluctuated from a low of under 4% to a high
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For these data Kendalls tau is-0.61. Does that provide proof that if mortgage rates are lowered people will take out more mortgages? Explain what Kendalls tau says and does not say.
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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