Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Test whether the mean rate is less than 6%. Use P-value approach.

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):

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 less than 6 percent? Approximate the p-value.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922160

Have any Question? 


Related Questions in Statistics and Probability

1 why do researchers calculate the coefficient of

1. Why do researchers calculate the coefficient of determination? 2. What does a coefficient of determination of .40 indicate?

Some accounting firms give the client an option to pay a

Some accounting firms give the client an option to pay a fee when the tax return is completed that guarantees tax advices and support from the accountant if the client were audited. A large accounting firm is trying to d ...

An alternative to the experiment in q3 to investigate

An alternative to the experiment in Q.3 to investigate whether loud music tends to increase the time it takes mice to complete a maze would involve randomly assigning say, 50 mice to two groups. The 25 mice in Group A (c ...

Please no plagiarism1 compare and contrast the northern and

Please no plagiarism. 1. Compare and contrast the Northern and Southern economies and societies in the antebellum period. How did industrialization develop in the North, and plantation slavery in the South? How did the e ...

Exercises -81- for each of the following pairs explain why

Exercises - 8.1- For each of the following pairs, explain why you believe that they are positively related, negatively related, or essentially unrelated. If they are related, identify the dependent variable. a. The cost ...

1 why is it possible to consider anova as a special case of

1. Why is it possible to consider ANOVA as a special case of regression? 2. Give an example of when simultaneous, hierarchical, and stepwise multiple regression analyses might be used in research. 3. How is a log linear ...

Digital data are transmitted as a sequence of signals that

Digital data are transmitted as a sequence of signals that represent 0s or 1s. Suppose that such data are being transmitted to a satellite and then relayed to a distant site. Suppose that due to electrical interference i ...

An auditor claims that the average annual salary of a

An auditor claims that the average annual salary of a project manager at a construction company exceeds $82,000. A random sample of 20 project managers had an average salary of $89,600 with a sample standard deviation of ...

Through the feasted landscapes sustainability in american

Through the Feasted Landscapes Sustainability in American Topics, Chapter "The Work of the U.S. Sanitary Commission (1864)": 1. At first, who resisted civilian participation in providing food supplies and medical assista ...

What were the key events that marked the move toward

What were the key events that marked the move toward American Independence?

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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