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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.
- Create a histogram for interest rates at each type of bank. Use a bin width of 0.25.
- Calculate and interpret the sample mean and sample standard deviation of interest rates at each type of bank.
- 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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