Question: The file CD Rate contains the yields for a one-year certificate of deposit (CD) and a five-year CD for 23 banks in the United States,
The file CD Rate contains the yields for a one-year certificate of deposit (CD) and a five-year CD for 23 banks in the United States, as of March 20, 2013. (Data extracted from www.Bankrate
.com, March 20, 2013.) For each type of investment, decide whether the data appear to be approximately normally distributed by
a. Comparing data characteristics to theoretical properties.
b. Constructing a normal probability plot.
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a The mean is smaller than the median the range is smaller than 6 times the standard deviation and t... View full answer
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