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Determine the proportion of fixed mortgage rates

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Reference no: EM131645134

Question: One effect of the great recession was to lower the interest rate on fixed-rate mortgages. A sample of 30-year fixed-rate mortgage rates taken from financial institutions in the Pacific Northwest resulted in the following:

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a. Construct a histogram with eight classes beginning at 3.46.

b. Determine the proportion of 30-year fixed mortgage rates that are at least 3.76%.

c. Produce an ogive for the data.

Reference no: EM131645134

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