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A mortgage broker claims that the mean rate will be higher than 4.60% in the following week. Based on the data below and on the

A mortgage broker claims that the mean rate will be higher than 4.60% in the following week. Based on the data below and on the confidence interval, is this a reasonable claim? Explain your reasoning.

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The TTEST Procedure Variable: MORTGAGE30US (MORTGAGE30US) N Mean Std Dev Std Err Minimum Maximum 450 4.0829 0.4338 0.0205 3.3100 5.2100 Mean 95% CL Mean Std Dev 95% CL Std Dev 4.0829 4.0482 Infty 0.4330 0.4073 0.4643 DF t Value Pre t 449 109.61 <.0001 distribution of mortgage30us with upper confidence interval for mean normal kernel percent>

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