The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city: 3.3 3.5 4.5 4.0 4.3 3.9 3.8 4.1 4.2 3.7 Given this information, what is the most extreme amount of sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated? Select one: a. About -0.40 percent b. About 0.40 percent c. Can't be determined without more information. d. About 0.13 percent
The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city: 3.3 3.5 4.5 4.0 4.3 3.9 3.8 4.1 4.2 3.7 Given this information, what is the most extreme amount of sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated? Select one: a. About -0.40 percent b. About 0.40 percent c. Can't be determined without more information. d. About 0.13 percent
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:
Given this information, what is the most extreme amount of sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated?
| 3.3 | 3.5 | 4.5 | 4.0 | 4.3 |
| 3.9 | 3.8 | 4.1 | 4.2 | 3.7 |
Given this information, what is the most extreme amount of sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated?
Select one:
a.
About -0.40 percent
b.
About 0.40 percent
c.
Can't be determined without more information.
d.
About 0.13 percent
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