The 30-year mortgage rate is now less than 6.0%. A sample of eight financial institutions in Canada
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The 30-year mortgage rate is now less than 6.0%. A sample of eight financial institutions in Canada showed the mean mortgage rate to be 5.6375%, with a standard deviation of 0.6346%. At the 0.01 significance level, can we conclude that the 30-year mortgage rate is less than 6.0%? Determine or estimate the p-value. Interpret the p-value.
At the 0.05 significance level, is there a significant difference between the average amount consumed at the college surveyed and the national average? Construct a 95% confidence interval. Use the results of the confidence interval to support your decision.
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H o 192 H 1 192 Reject H o if t 2201 x 208667 s d 040484 Do not reject ...View the full answer
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Related Book For 
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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