Given this information, what would the sampling error be if a sample including the seven values in the top row vere used to compute the sample mean? A) Approximately -0.07 C) Approximately 6.93 B) About 0.56 D) About 0.07

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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The following values represent the population of home mortgage interest rates (in percents) being charged by the
banks in a particular city:
6.9
7.5
6.5
7
7.3
6.8
6.5
7
7
7.2
7.5
7.8
6.
7
Given this information, what would the sampling error be if a sample including the seven values in the top row
were used to compute the sample mean?
A) Approximately -0.07
C) Approximately 6.93
B) About 0.56
D) About 0.07
Transcribed Image Text:The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city: 6.9 7.5 6.5 7 7.3 6.8 6.5 7 7 7.2 7.5 7.8 6. 7 Given this information, what would the sampling error be if a sample including the seven values in the top row were used to compute the sample mean? A) Approximately -0.07 C) Approximately 6.93 B) About 0.56 D) About 0.07
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