Mathematics, 06.06.2020 18:00 lileljusto2829
In order to estimate the mean 30-year fixed mortgage rate for a home loan in the United States, a random sample of 15 recent loans is taken. The average calculated from this sample is 7.85%. It can be assumed that 30-year fixed mortgage rates are normally distributed with a standard deviation of 0.6%. Compute 90% and 95% confidence intervals for the population mean 30-year fixed mortgage rate. g
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In order to estimate the mean 30-year fixed mortgage rate for a home loan in the United States, a ra...
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