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.
Correct: a
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