# Question: Construct a 99 confidence interval for the average bond rate

Construct a 99% confidence interval for the average bond rate in Problem 12.9 for a prime interest rate of 10%.Discuss the meaning of this confidence interval.

Bond Rate .. Prime Interest Rate

5% ....... 16%

12 ....... 6

9 ....... 8

15 ....... 4

7 ....... 7

Bond Rate .. Prime Interest Rate

5% ....... 16%

12 ....... 6

9 ....... 8

15 ....... 4

7 ....... 7

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