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Mathematics, 29.10.2020 14:00 AM28
A recent article in The Wall Street Journal reported that the 30-year mortgage rate is now less than 6%. A sample of eight small banks in the Midwest revealed the following 30-year rates (in percent): 4.8 5.3 6.5 4.8 6.1 5.8 6.2 5.6 At 0.10 level, can you conclude that the 30-year mortgage rate is now less than 6%?
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