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36. Mortgages In a random sample of 18 months from June 2008 through September 2016, the mean interest rate for 30-year fixed rate conventional

36. Mortgages 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. (Source: Board of Governors of the Federal Reserve System)

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