Is there a difference in the yields of different types of investments? The accompanying data provide yields for a one-year certificate of deposit (CD) and a five-year CD for 25 banks. Complete parts a through c below. (...) a. Construct a 95% confidence interval estimate for the mean yield of one-year CDs. Sus(Type integers or decimals rounded to two decimal places as needed.) b. Construct a 95% confidence interval estimate for the mean yield of five-year CDs. Sus (Type integers or decimals rounded to two decimal places as needed.)
Is there a difference in the yields of different types of investments? The accompanying data provide yields for a one-year certificate of deposit (CD) and a five-year CD for 25 banks. Complete parts a through c below. (...) a. Construct a 95% confidence interval estimate for the mean yield of one-year CDs. Sus(Type integers or decimals rounded to two decimal places as needed.) b. Construct a 95% confidence interval estimate for the mean yield of five-year CDs. Sus (Type integers or decimals rounded to two decimal places as needed.)
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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One-Year CD
0.5
0.7
1.05
0.35
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0.55
0.45
0.55
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Five-Year CD
4.9
4.9
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Transcribed Image Text:Is there a difference in the yields of different types of investments? The accompanying data provide yields for a one-year certificate of deposit
(CD) and a five-year CD for 25 banks. Complete parts a through c below.
(...)
a. Construct a 95% confidence interval estimate for the mean yield of one-year CDs.
Sus(Type integers or decimals rounded to two decimal places as needed.)
b. Construct a 95% confidence interval estimate for the mean yield of five-year CDs.
sμs (Type integers or decimals rounded to two decimal places as needed.)
Expert Solution

Step 1
Given data:
One-Year CD | Five-Year CD |
0.5 | 4.9 |
0.7 | 4.9 |
1.05 | 4.9 |
0.35 | 3.4 |
0.4 | 4.1 |
0.2 | 4.05 |
0.5 | 3.85 |
1.9 | 4.25 |
0.7 | 4.65 |
0.55 | 4.1 |
0.45 | 4.4 |
0.55 | 3.55 |
0.45 | 4.3 |
0.6 | 5 |
1.8 | 4.1 |
0.9 | 4.25 |
1.4 | 5 |
2.25 | 4.6 |
1.1 | 4.9 |
0.9 | 4.45 |
0.55 | 4.45 |
0.55 | 4.05 |
0.3 | 3.5 |
1.25 | 4.45 |
2.05 | 4.1 |
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