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38. A recent article in The Wall Street Journal reported that the 30-year mortgage rate is now less than 6 percent. A sample of eight small banks in the Midwest revealed the following 30-year rates (in percent):
4.8-5.3-6.5-4.8-6.1-5.8-6.2-5.6
At the .01 significance level, can we conclude that the 30-year mortgage rate for small banks is less than 6 percent? Estimate the p-value.
Submitted: 88 days and 9 hours ago.
Category: Math
Value: $15
Status: AWAITING CUSTOMER ACTION
Answer
The detailed answer to your question is in
this excel file
.
Expert:
Chirag
Pos. Feedback:
99.3 %
Accepts:
Answered:
8/25/2009
Tutor
Masters Degree
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