A recent article in the Wall street journal reported that the 30- year mortgage rate is now les


Question: #38) A recent article in the Wall street journal reported that the 30- year mortgage rate is now less that 6 percent. A sample of eight small banks in the Midwest revealed the following 30-year rates (in percent):


4.8 5.3 6.5 4.8 6.1 5.8 6.2 5.6

At the .01 significance level, can we conclude that the 30 year mortgage rate for small banks is now less that 6 percent? Estimate the p-value

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Solution: The solution file consists of 2 pages
Deliverables: Word Document

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