Question: Please help me answer this question Suppose a car dealership offers a low interest rate and a longer payoff period to customers ora high interest

Please help me answer this question

Please help me answer this question Suppose a car dealership offers a

Suppose a car dealership offers a low interest rate and a longer payoff period to customers ora high interest rate and a shorter payoff period to customers, and most customers choose the low interest rate and longer payoff period. Does that mean that most customers want a lower interest rate? 0 YES: Regardless of payoff period length, customers want the lower interest rate. 0 NO: Because interest rate and payoff period length are both variables, we cannot conclude that customers want the lower interest rate regardless of length of payoff period

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!