Consider interest rates on accounts at a sample of local banks: 3.00%, 4.50%, 4.90%, 3.50%, 4.75%, 3.50%,

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Consider interest rates on accounts at a sample of local banks: 3.00%, 4.50%, 4.90%, 3.50%, 4.75%, 3.50%, 3.50%, 4.25%, 3.75%, 4.00%

a. Find the standard deviation of these interest rates.

b. What does this standard deviation tell you about banks in this area?

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Practical Business Statistics

ISBN: 9780128042502

7th Edition

Authors: Andrew Siegel

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Question Posted: Apr 18, 2019 06:57 AM

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Consider interest rates on accounts at a sample of local banks: 3.00%, 4.50%, 4.90%, 3.50%, 4.75%, 3.50%,

Question:

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a The standard deviation is 0...View the full answer

Practical Business Statistics

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