Following are interest rates (annual percentage rates) for a 30-year fixed rate mortgage from a sample of

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Following are interest rates (annual percentage rates) for a 30-year fixed rate mortgage from a sample of lenders in Macon, Georgia on a recent day. It is reasonable to assume that the population is approximately normal.image text in transcribed

a. Find the sample standard deviation s.

b. Construct a 95% confidence interval for population standard deviation σ.

c. Based on the confidence interval, is it reasonable to believe that the population standard deviation is greater than 0.5?
Explain.

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Elementary Statistics

ISBN: 9781259969454

3rd Edition

Authors: William Navidi, Barry Monk

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