In Exercise 36, does it seem possible that the population mean could equal half the sample mean?

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In Exercise 36, does it seem possible that the population mean could equal half the sample mean? Explain.

Data from Exercise 36:

In a random sample of 18 months from June 2008 through September 2016, the mean interest rate for 30-year fixed rate conventional home mortgages was 4.36% and the standard deviation was 0.75%. Assume the interest rates are normally distributed.

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Elementary Statistics Picturing The World

ISBN: 9780134683416

7th Edition

Authors: Ron Larson, Betsy Farber

Question Posted: May 15, 2019 11:11 AM

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In Exercise 36, does it seem possible that the population mean could equal half the sample mean?

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No Half the samp...View the full answer

Elementary Statistics Picturing The World

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