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fill in the blanks and for the third provide the avg of the diff! On its website, the Statesman Journal newspaper (Salem, Oregon, 2005) reports
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On its website, the Statesman Journal newspaper (Salem, Oregon, 2005) reports mortgage loan interest rates for 30-year and 15-year fixed-rate mortgage loans for a number of Willamette Valley lending institutions. Of interest is whether there is any systematic difference between 30-year rates and 15-year rates (expressed as annual percentage rate or APR) and, if there is what is the size of that difference. The following table displays the 30-year rate and the 15-year rate for each of nine lending Institutions. Also given is the difference between the 30-year rate and the 15-year rate for each lending Institution. Use the table to compare the 30-year rates and the 15-year rates. Also, calculate the average of the differences between the rates. (Input the amount as positive value. Round your answer to 4 decimal places.) Lending Institution 30-Year 15-Year Difference Blue Ribbon Home Mortgage 3.606 3.664 -0.058 Coast To Coast Mortgage Lending 5.745 4.724 1.021 Community Mortgage Services Inc. 5.696 5.219 0.477 Liberty Mortgage 4.332 4.243 0.889 Jim Morrison's MBI 5.228 5.399 -0.171 Professional Valley Mortgage 5.691 5.227 0.464 Mortgage First 6.060 -3.029 Professional Mortgage Corporation 3.781 3.808 -0.027 Resident Lending Group Inc. 5.451 5.684 -0.233 3.031 Term of Mortgage CO 50 Mortgage Rate 4.0 35 3.0 30- 15-Y Box Plot of Difference Term of Mortgage 6.0 5.5 5.0 Mortgage Rate 4.5 4.0 3.5 3.0 30-Year 15-Year Box Plot of Difference 0 Difference -2 do the 15-year tes. Overall, the 30-year rates are The variability is Average of the differences = On its website, the Statesman Journal newspaper (Salem, Oregon, 2005) reports mortgage loan interest rates for 30-year and 15-year fixed-rate mortgage loans for a number of Willamette Valley lending Institutions of interest is whether there is any systematic difference between 30-year rates and 15-year rates (expressed as annual percentage rate or APR) and, if there is what is the size of that difference. The following table displays the 30-year rate and the 15-year rate for each of nine lending Institutions. Also given is the difference between the 30-year rate and the 15-year rate for each lending institution. Use the table to compare the 30-year rates and the 15-year rates. Also, calculate the average of the differences between the rates. (Input the amount as positive value. Round your answer to 4 decimal places.) Lending Institution 30-Year 15-Year Difference Blue Ribbon Home Mortgage 3.606 3.664 -0.058 Coast To Coast Mortgage Lending 5.745 4.724 1.021 Community Mortgage Services Inc. 5.696 5.219 0.477 Liberty Mortgage 4.332 4.243 0.089 Jim Morrison's MBI 5.228 5.399 -0.171 Professional Valley Mortgage 5.691 5.227 0.464 Mortgage First 3.031 6.060 -3.029 Professional Mortgage Corporation 3.781 3.808 -0.027 Resident Lending Group Inc. 5.451 5.684 -0.233 Term of Mortgage 6.0 5.5 8 Mortgage Rate 4.0 3.5 3.0 30-Year 15-Year Box Plot of Difference 1 Difference -2 the 15-year rates. Overall, the 30-year rates are The variability is Average of the differences the 15 Overall , the 30-year rates are The variability is Average of the differences = less than equal to higher than Overall, the 30-year rates are The variability is Average of the difference- larger similar and for the third provide the avg of the diff!
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