Mean yield of five-year certificates of deposit

Reference no: EM13103701

Is there a difference in the yields of different types of investments? The file SavingsRate-MMCD contains the yields for a money market account and a five-year certificate of deposit (CD) for 25 banks in the U.S.

a. Construct a 95% confidence interval estimate for the mean yield of money market accounts.

b. Construct a 95% confidence interval estimate for the mean yield of five-year certificates of deposit.

Reference no: EM13103701

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