Question: Problem to test for normality using Q-Q plot in R. One-Year Five-Year 1.04 1.98 1.09 1.73 0.55 1.34 0.80 2.22 1.30 1.85 1.34 1.49 0.95

Problem to test for normality using Q-Q plot in R.

One-Year Five-Year
1.04 1.98
1.09 1.73
0.55 1.34
0.80 2.22
1.30 1.85
1.34 1.49
0.95 2.08
0.90 1.45
0.85 1.50
0.75 1.83
0.40 1.49
1.00 2.10
0.40 1.39
1.00 1.60
0.95 1.20
1.19 2.13
0.23 0.93
0.70 1.75
0.59 0.49
1.00 1.60
0.80 1.98
1.22 2.23
0.65 1.75
0.71 1.05
1.15 1.80

contains the yields for a one-year certificate of deposit (CD) and a five-year CD for a sample of banks in the United States. For each type of investment (one-year or five-year CD), decide whether the data appear to be approximately normally distributed by constructing a Q-Q plot using R.

  1. Provide the line of code to construct the Q-Q plot using R.
  2. Paste the Q-Q plot for each type of investment.
  3. Comment whether the data appear to be approximately normally distributed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!