Solved

The Following Values Represent the Population of Home Mortgage Interest

Question 37

Multiple Choice

The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city: 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 = 4 banks is surveyed and the mean loan rate is calculated? A) -0.55 percent B) 0.52 percent C) 1.08 percent D) Can't be determined without more information. Given this information,what is the most extreme amount of sampling error possible if a random sample of n = 4 banks is surveyed and the mean loan rate is calculated?


A) -0.55 percent
B) 0.52 percent
C) 1.08 percent
D) Can't be determined without more information.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q29: How would you respond to a statement

Q36: The Olsen Agricultural Company has determined that

Q40: A sample of 25 observations is taken

Q41: If a population standard deviation is 100,then

Q52: If a population mean is equal to

Q55: Suppose it is known that the mean

Q57: The reason that a population mean and

Q79: The Central Limit Theorem is of most

Q96: It is very unlikely that a nonstatistical

Q136: Regardless of population distribution, the sampling distribution