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Please solve and provide interpretation Following are interest rates for a 30 year fixed rate mortgage from a random sample of lenders in Saratoga, Ca

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Please solve and provide interpretation

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Following are interest rates for a 30 year fixed rate mortgage from a random sample of lenders in Saratoga, Ca on a recent day. It is reasonable to assume that the population is approximately normal. 2.551 2.568 2.518 2.625 2.591 2.658 2.750 2.649 2.766 2.788 2.756 3.265 First check conditions of CLT: 1. Random (check) 2. Large sample?: 3. Large Population (check) Construct a 95% confidence interval:. Using the calculator function you get the following interval In the next question please interpret the interval and to help a relator, based on the confidence interval, is it reasonable to claim that the mean rate is now lower than 3.050%

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