Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

A recent article in The Wall Street Journal reported that 30-year mortgage rate is now less than 6%. A sample of 8 small banks in Midwest revealed the following 30-year rates (in %): 

Mortgage Rate

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 30-year mortgage rate for small banks is less than 6%? Determine the p-value.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M917902

Have any Question? 


Related Questions in Statistics and Probability

When conducting a hypothesis test if z calculated is less

When conducting a hypothesis test, if z calculated is less than z critical, you should accept the null hypothesis?

Describe the collapse of the soviet union begin with the

Describe the collapse of the Soviet Union. Begin with the events during the 1980s including the entire Gorbachev era. Should include at least the following topics: 1. Poland's democratic revolution of the 1980s 2. Gorbac ...

A group of statistics students decided to conduct a survey

A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week. Based on a simple random sample, they surveyed 45 students. The s ...

In a manufacturing process a random sample of 36 bolts

In a manufacturing process a random sample of 36 bolts manufactured has a mean length of 3 inches with a standard deviation of .3 inches. What is the 99% confidence interval for the true mean length of the bolt? Please s ...

Question -after collecting the data a forecaster plans on

Question - After collecting the data, a forecaster plans on initially estimating the following model y = β 0 + i=1 ∑ 8 β i X i + β 9 (X 5 *X 7 ) +e, then dropping all of the X variables that are not significant at the 0. ...

Name and explain the contributions of three abolitionists

Name and explain the contributions of three Abolitionists that supported and helped African Americans before the Civil War fight slavery?

Mimi joined umuc basketball team since summer 2016 on

Mimi joined UMUC basketball team since summer 2016. On average, she is able to score 30% of the field goals. Assume she tries 15 field goals in a game. (a) Let X be the number of field goals that Mimi scores in the game. ...

In a clinical study of an allergy drug 103 of the 202

In a clinical study of an allergy drug, 103 of the 202 subjects reported experiencing significant relief from their symptoms. At the 0.05 significance level, test the claim that more than half of all those using the drug ...

The mean number of medicine taken by a random sample of 26

The mean number of medicine taken by a random sample of 26 patients has a standard deviation of 3.1 medications. Assume the population is normally distributed Construct a 99% confidence interval for the population standa ...

The department of education would like to determine if

The Department of Education would like to determine if there are gender differences in the performance of twins on the state mandated mathematics examination. As a result, they have collected data on twelve sets of twins ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen