A Panel of 50 Economists Was Asked to Predict the Average

question 123

Short Answer

A panel of 50 economists was asked to predict the average prime interest rate for the upcoming year. The results of the survey follow. Based on this survey, what does the panel expect the average prime interest rate to be next year? Give your answer to three decimal places, if necessary. E = __________

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Definitions:

Touch Screen

An input device that allows users to interact with electronic devices by touching the screen with a finger or stylus.

Local Account

A user account that is created and managed on an individual computer, allowing access and permissions specific to that single system.

Cloud

A computing paradigm that allows for the storing and accessing of data and computing services over the internet rather than on a personal computer or local server.

Sync

The process of ensuring that information in two or more locations is updated simultaneously.