Multiple Choice
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 smallest to largest range for the sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated?
A) About -0.43 to 0.40 percent
B) About -0.40 to 0.43 percent
C) About 0.40 to 0.43 percent
D) Can't be determined without more information.
Correct Answer:

Verified
Correct Answer:
Verified
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