Michael is interested in obtaining 30-year fixed mortgage rates in Myrtle Beach, SC. He obtained rate quotes
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Michael is interested in obtaining 30-year fixed mortgage rates in Myrtle Beach, SC. He obtained rate quotes from 8 lenders, and the APR rates that were quoted to him are given in the following table. 30-Year Fixed Mortgage Rates Lender APR (%)
EverBank 3.519
AimLoan 3.643
Great Western 4.049
Greenlight 4.229
Flagstar 4.209
AuroraBank 4.029 Quicken 4.439
Roundpoint 4.130
Compute the variance for this data. Round any intermediate calculations, if needed, to no less than six decimal places, and round your final answer to four decimal places.
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