Confidence Interval Question: The average - Loan Modification - Free Foreclosure Help

#1 (permalink)

11-27-2011, 11:56 PM

Andy C. II Andy C. II is offline

Join Date: Nov 2011

Posts: 0

Confidence Interval Question: The average

late fee charge for a sample of 15 mortgages is $34.50...? -with a standard deviation of $4.50. Calculate a 99% confidence interval for the mean late fee charge for a mortgage based on this data.If a person told you that they paid a $20 late fee on their mortgage one month, what could you conclude about that?

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On

Contact Us - Short Sale Help - Archive - Top