A corporation plans to issue some short-term notes and is hoping that the interest itwill have to pay will not exceed 11.5%. To obtain some information about this prob-lem, the corporation marketed 40 notes, one through each of 40 brokerage firms. Themean and standard deviation for the 40 interest rates were 10.3% and .31%, respec-tively. Since the corporation is interested in only an upper limit on the interest rates,find a 95% upper confidence bound for the mean interest rate that the corporation willhave to pay for the notes.

Given: n=40x=10.3σ=0.31C.I.=0.95

Answered: A corporation plans to issue some…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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