Consider the following portion of data that includes information about home loan applications. Variables on each application include whether the application is conventional or subsidized by the federal housing administration (LoanType), (2) whether the property is a single-family or multi-family home (Property Type), and (3) whether the application is for a first-time purchase or refinancing (Purpose). LoanType Federal Housing Conventional Property Type Single-family Multi-family Purpose Purchase Refinancing Federal Housing Single-family Purchase picture Click here for the Excel Data File a. Using the first five applications, compute the matching coefficients for all pairwise observations based on LoanType, Property Typ and Purpose. (Round your answers to 2 decimal places.) Observations 1 2 3 4 5 1 2 3 4 5 1. Which of the following loan applications is the most similar pair? O loan annlications 1 and 2 IRE b-1. Which of the following loan applications is the most similar pair? . O Loan applications 1 and 2 O Loan applications 1 and 3 O Loan applications 1 and 4 Loan applications 3 and 5 b-2. Which of the following statements best describes the most similar pair of the loan applications in part b-1? They both are conventional multi-family purchases They both are conventional single-family purchases They both are federal housing single-family refinances They both are federal housing multi-family refinances b-3. Which of the following loan applications is the least similar pair? O Loan applications 1 and 3 O Loan applications 1 and 2 O Loan applications 1 and 5 O Loan applications 2 and 3 b-4. Which of the following statements best describes the least similar pair of the loan applications in part b-3? One application is a federal-housing single-family purchase, while the other is a conventional multi-family purchase nono annlication is a federal housing cinale family nurchace while the other is a conventional multifamily nurchaca H Loan applications and b-2. Which of the following statements best describes the most similar pair of the loan applications in part b-1? O They both are conventional multi-family purchases They both are conventional single-family purchases O They both are federal housing single-family refinances They both are federal-housing multi-family refinances b-3. Which of the following loan applications is the least similar pair? Loan applications 1 and 3 O Loan applications 1 and 2 O Loan applications 1 and 5 O Loan applications 2 and 3 b-4. Which of the following statements best describes the least similar pair of the loan applications in part b-3? O One application is a federal housing single-family purchase, while the other is a conventional multi-family purchase O One application is a federal-housing single-family purchase, while the other is a conventional multi-family purchase One application is a federal-housing single-family purchase, while the other is a conventional multi-family refinance O One application is a conventional multi-family refinance, while the other is a conventional multi-family purchase Consider the following portion of data that includes information about home loan applications. Variables on each application include whether the application is conventional or subsidized by the federal housing administration (LoanType), (2) whether the property is a single-family or multi-family home (Property Type), and (3) whether the application is for a first-time purchase or refinancing (Purpose). LoanType Federal Housing Conventional Property Type Single-family Multi-family Purpose Purchase Refinancing Federal Housing Single-family Purchase picture Click here for the Excel Data File a. Using the first five applications, compute the matching coefficients for all pairwise observations based on LoanType, Property Typ and Purpose. (Round your answers to 2 decimal places.) Observations 1 2 3 4 5 1 2 3 4 5 1. Which of the following loan applications is the most similar pair? O loan annlications 1 and 2 IRE b-1. Which of the following loan applications is the most similar pair? . O Loan applications 1 and 2 O Loan applications 1 and 3 O Loan applications 1 and 4 Loan applications 3 and 5 b-2. Which of the following statements best describes the most similar pair of the loan applications in part b-1? They both are conventional multi-family purchases They both are conventional single-family purchases They both are federal housing single-family refinances They both are federal housing multi-family refinances b-3. Which of the following loan applications is the least similar pair? O Loan applications 1 and 3 O Loan applications 1 and 2 O Loan applications 1 and 5 O Loan applications 2 and 3 b-4. Which of the following statements best describes the least similar pair of the loan applications in part b-3? One application is a federal-housing single-family purchase, while the other is a conventional multi-family purchase nono annlication is a federal housing cinale family nurchace while the other is a conventional multifamily nurchaca H Loan applications and b-2. Which of the following statements best describes the most similar pair of the loan applications in part b-1? O They both are conventional multi-family purchases They both are conventional single-family purchases O They both are federal housing single-family refinances They both are federal-housing multi-family refinances b-3. Which of the following loan applications is the least similar pair? Loan applications 1 and 3 O Loan applications 1 and 2 O Loan applications 1 and 5 O Loan applications 2 and 3 b-4. Which of the following statements best describes the least similar pair of the loan applications in part b-3? O One application is a federal housing single-family purchase, while the other is a conventional multi-family purchase O One application is a federal-housing single-family purchase, while the other is a conventional multi-family purchase One application is a federal-housing single-family purchase, while the other is a conventional multi-family refinance O One application is a conventional multi-family refinance, while the other is a conventional multi-family purchase