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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x 0 10 For 99 confidence a 2 005 df n 2 5 2 3 t 0053 5841 820 x 41 x ...View the full answer
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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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