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
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One-Year CD
0.5
0.7
1.05
0.35
0.4
0.2
0.5
1.9
0.7
0.55
0.45
0.55
0.45
0.6
1.8
0.9
1.4
2.25
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Five-Year CD
4.9
4.9
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3.4
4.1
4.05
3.85
4.25
4.65
4.1
4.4
3.55
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4.25
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4.6
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0.55
0.55
0.3
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4.45
4.05
3.5
4.45
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Transcribed Image Text:16 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Undo A Bank * Clipboard 45°F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 X✓ fx B One-Year CD 0.5 0.7 1.05 0.35 0.4 0.2 0.5 1.9 0.7 0.55 0.45 0.55 0.45 0.6 1.8 0.9 1.4 2.25 1.1 H Select destination and press ENTER or choose Paste Font C Five-Year CD 4.9 4.9 4.9 PALS 3.4 4.1 4.05 3.85 4.25 4.65 4.1 4.4 3.55 4.3 5 4.1 4.25 5 4.6 4.9 SI D 20 21 22 23 24 25 11 E 17 0.9 0.55 0.55 0.3 1.25 2.05 ||| F |||| Alignment 4.45 4.45 4.05 3.5 4.45 4.1 G B Paste Options (Ctrl) H 171 560-0000 Number
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.)
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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