A recent article in The Wall Street Journal reported that the home equity loan rate is now
Question:
A recent article in The Wall Street Journal reported that the home equity loan rate is now less than 6%. A sample of eight small banks in the Midwest revealed the following home equity loan rates (in percent):
At the .01 significance level, can we conclude that the home equity loan rate for small banks is less than 6%? Estimate thep-value.
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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