Answer:
decrease by 50%
Step-by-step explanation:
Decreased by 60% = (100%-60%)x = 0.4x.
Decreased by 20% = (100%-20%)x = 0.8x.
initial fraction, and we can see that denominator will increase 2 times, so fraction will decrease 2 times, or decrease by 50%.
Answer:
E) we will use t- distribution because is un-known,n<30
the confidence interval is (0.0338,0.0392)
Step-by-step explanation:
<u>Step:-1</u>
Given sample size is n = 23<30 mortgage institutions
The mean interest rate 'x' = 0.0365
The standard deviation 'S' = 0.0046
the degree of freedom = n-1 = 23-1=22
99% of confidence intervals (from tabulated value).
using calculator
Confidence interval is
the mean value is lies between in this confidence interval
(0.0338,0.0392).
<u>Answer:-</u>
<u>using t- distribution because is unknown,n<30,and the interest rates are not normally distributed.</u>