A random sample of 60 people revealed it took an average of 55 minutes with a standard deviation of 10 minutes for a person to complete a loan application at the bank. Construct a 90% confidence interval for 
, the true time it takes any person to complete the loan form.
______________
Definitions:
Mortgagee's Interest
The legal interest or right that a lender (mortgagee) holds in the property of the borrower (mortgagor) as security for the loan.
Title Theory
A legal concept in real estate law where the lender holds title to the property until the loan is paid off by the borrower.
Lien Theory
A concept in real estate law where the mortgage holder has a lien on the property as security for the underlying loan, but the borrower retains title to the property.
Title Theory
Title theory pertains to mortgage law where the mortgage lender holds title to the mortgaged property until the borrower has fully paid off the loan.
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