Question: A recent article in The Wall Street Journal reported that the home equity loan rate is now less than 4%. A sample of eight small

A recent article in The Wall Street Journal reported that the home equity loan rate is now less than 4%. A sample of eight small banks in the Midwest revealed the following home equity loan rates (in percent):

At the .01 significance level, can we conclude that the home equity loan rate for small banks is less than 4%? Estimate the p-value.

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