Suppose a mortgage lender randomly selected 100 first time ...

[vHAUNG6011]

  Suppose a mortgage lender randomly selected 100 first time homebuyers and assigned 25 buyers to each of four representatives. The number of days until a homebuyer closed on their loan was recorded. What is the factor being studied?
 

  a.The factor is the representatives.
  b.The factors are the 100 homebuyers.
  c.The factor is the number of days until closing on a loan.
  d.The factor is the average number of days until closing.

Question 2

What happens to the value of the F-statistic in an analysis of variance when the between-level variation gets smallerbut the within-level variance remains constant?
   
  a.The F-statistic approaches a chi-square statistic.
  b.The F-statistic will stay the same.
  c.The F-statistic will get smaller.
  d.The F-statistic will get larger.

[polinasid]

Answer to Question 1

correct: a

Answer to Question 2

correct: c