[Solution Library] A recent article in The Wall Street Journal reported that the 30 -year mortgage rate is now less than 6 percent. A sample of eight small
Question: A recent article in The Wall Street Journal reported that the 30 -year mortgage rate is now less than 6 percent. A sample of eight small banks in the Midwest revealed the following 30 -year rates (in percent):
At the .01 significance level, can we conclude that the 30 -year mortgage rate for small banks is less than 6 percent? Estimate the \(p\) -value.
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