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.

Answer rating: 100% (QA)

Lets calculate it step by step Step 1 Calculate the mean average Mean 3519 3643 4049 4229 4209 4029 ... View the full answer