Question
Michael is interested in obtaining 30-year fixed mortgage rates in Myrtle Beach, SC. He obtained rate quotes from 8 lenders, and the APR rates that
Michael is interested in obtaining 30-year fixed mortgage rates in Myrtle Beach, SC. He obtained rate quotes from 8 lenders, and the APR rates that were quoted to him are given in the following table. 30-Year Fixed Mortgage Rates Lender APR (%)
EverBank 3.519
AimLoan 3.643
Great Western 4.049
Greenlight 4.229
Flagstar 4.209
AuroraBank 4.029 Quicken 4.439
Roundpoint 4.130
Compute the variance for this data. Round any intermediate calculations, if needed, to no less than six decimal places, and round your final answer to four decimal places.
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Lets calculate it step by step Step 1 Calculate the mean average Mean 3519 3643 4049 4229 4209 4029 ...
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
