Question: The data in M8-Assignment Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks. Construct a 90% confidence interval estimate
The data in "M8-Assignment" Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks.
- Construct a 90% confidence interval estimate for the mean yield ofone-year CDs.
- The data in "M8-Assignment" Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks.
| Bank | One-Year CD | Five-Year CD |
| 1 | 0.5 | 4.85 |
| 2 | 0.85 | 5 |
| 3 | 0.95 | 5.1 |
| 4 | 0.25 | 3.25 |
| 5 | 0.4 | 3.95 |
| 6 | 0.25 | 4 |
| 7 | 0.6 | 3.65 |
| 8 | 1.9 | 4.35 |
| 9 | 0.85 | 4.7 |
| 10 | 0.6 | 4.15 |
| 11 | 0.45 | 4.45 |
| 12 | 0.6 | 3.45 |
| 13 | 0.3 | 4.15 |
| 14 | 0.6 | 5.1 |
| 15 | 1.75 | 4.25 |
| 16 | 0.95 | 4.2 |
| 17 | 1.4 | 4.9 |
| 18 | 2.15 | 4.65 |
| 19 | 0.9 | 4.95 |
| 20 | 0.95 | 4.6 |
| 21 | 0.5 | 4.45 |
| 22 | 0.55 | 4 |
| 23 | 0.35 | 3.55 |
| 24 | 1.2 | 4.45 |
| 25 | 1.9 | 4.1 |
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