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The data in M8-Assignment Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks. Construct a 90% confidence interval estimate

The data in "M8-Assignment" Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks.

  1. Construct a 90% confidence interval estimate for the mean yield ofone-year CDs.
  2. The data in "M8-Assignment" Excel file provides yields for aone-year certificate of deposit(CD) and afive-year CD for 25 banks.
Bank One-Year CD Five-Year CD
1 0.5 4.85
2 0.85 5
3 0.95 5.1
4 0.25 3.25
5 0.4 3.95
6 0.25 4
7 0.6 3.65
8 1.9 4.35
9 0.85 4.7
10 0.6 4.15
11 0.45 4.45
12 0.6 3.45
13 0.3 4.15
14 0.6 5.1
15 1.75 4.25
16 0.95 4.2
17 1.4 4.9
18 2.15 4.65
19 0.9 4.95
20 0.95 4.6
21 0.5 4.45
22 0.55 4
23 0.35 3.55
24 1.2 4.45
25 1.9 4.1

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