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HomeWork_8 - or Libor According to The Wall Street Journal...

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Home Work 8 1. American Express Consulting reported in USA Today (June 15, 2001) that 80% of U.S. companies have formal, written travel and entertainment policies for their employees. Give the null hypothesis for testing the claim made by American Express Consulting. 2. The interest rate at which London banks lend money to one another is called the London interbank offered rate
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Unformatted text preview: , or Libor. According to The Wall Street Journal, the British Bankers Association regularly surveys international banks for the Libor rate. One recent report had the average Libor rate at .40% for 3-month loans—a value considered high by many Western banks. Set up the null and alternative hypothesis for testing the reported value....
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  • Spring '11
  • Gispy
  • Null hypothesis, London Interbank Offered Rate, interbank offered rate, American Express Consulting, average Libor rate

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