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Use the data found in Sheet Savings to answer the following questions. An financial adviser is creating a report on the annual interest rates of

Use the data found in Sheet Savings to answer the following questions. An financial adviser is creating a report on the annual interest rates of savings accounts. He obtains the annual interest rate for a random selection of 25 brick-and-mortar banks and 25 online banks.

  1. Create a histogram for interest rates at each type of bank. Use a bin width of 0.25.
  2. Calculate and interpret the sample mean and sample standard deviation of interest rates at each type of bank.
  3. Calculate and interpret a Z-score for an interest rate of 2.5.
Brick-and-Mortar Online
1.15 1.75
1 1.6
0.75 1.2
1.05 1.25
0.95 1.8
0.8 1.7
2.15 1.95
1.4 1.85
0.6 1.2
0.8 1.65
0.85 1.55
1.25 2.15
0.6 2
1.1 1
1 1.55
0.5 1.55
1.3 1.75
1.05 1.6
1.2 1.85
0.9 2
1.25 1.45
1 1.4
0.75 1.95
0.95 1.5
0.6 1.8

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