Construct a 99% confidence interval for the average bond rate in Problem 12.9 for a prime interest
Question:
Construct a 99% confidence interval for the average bond rate in Problem 12.9 for a prime interest rate of 10%. Discuss the meaning of this confidence interval.
in Problem 12.9
Bond Rate Prime Interest Rate
5% ..............16%
12 ..............6
9 ..............8
15 ..............4
7 ..............7
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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