# Statistics- Numerical Techniques for Describing Data

**Question description**

A New York Realty Association surveys local banks and mortgage lenders to determine the trends in 30 year fixed and adjustable mortgage rates.Based on their survey, the ,mean rate for a 30 year fixed mortgage is 10.97% ( with s= 0.14%)and the mean rate for a one year adjustable mortgage is 7.79%(with s=0.17%). If Matrcraig, a mortgage lender, is offering a 30 year fixed mortgage rate of 10.75% (

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