Find za/2 for each of the following confidence levels used in estimating the population mean. (You may find it useful to reference the z table. Round your answers to 2 decimal places.) za/2 a. 90% b. 98% c. 88%

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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In order to estimate the mean 30-year fixed mortgage rate for a home loan in the United States, a
random sample of 23 recent loans is taken. The average calculated from this sample is 5.95%. It
can be assumed that 30-year fixed mortgage rates are normally distributed with a standard
deviation of 0.6%. Compute 90% and 95% confidence intervals for the population mean 30-year
fixed mortgage rate. (You may find it useful to reference the z table. Round intermediate
calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answers
to 2 decimal places. Enter your answers as percentages, not decimals.)
2
points
еBook
Print
Confidence Level
Confidence Interval
% to
% to
90%
%
References
95%
%
Transcribed Image Text:Check my work 2 In order to estimate the mean 30-year fixed mortgage rate for a home loan in the United States, a random sample of 23 recent loans is taken. The average calculated from this sample is 5.95%. It can be assumed that 30-year fixed mortgage rates are normally distributed with a standard deviation of 0.6%. Compute 90% and 95% confidence intervals for the population mean 30-year fixed mortgage rate. (You may find it useful to reference the z table. Round intermediate calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answers to 2 decimal places. Enter your answers as percentages, not decimals.) 2 points еBook Print Confidence Level Confidence Interval % to % to 90% % References 95% %
Check my work
1
Find za/2 for each of the following confidence levels used in estimating the population mean. (You
may find it useful to reference the z table. Round your answers to 2 decimal places.)
za/2
points
a.
90%
b.
98%
С.
88%
еВook
Print
References
Transcribed Image Text:Check my work 1 Find za/2 for each of the following confidence levels used in estimating the population mean. (You may find it useful to reference the z table. Round your answers to 2 decimal places.) za/2 points a. 90% b. 98% С. 88% еВook Print References
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