A Particular Subdivision Has 20 Homes

question 107

Multiple Choice

A particular subdivision has 20 homes. The number of people living in each of these homes is listed as follows: If a random sample of n = 3 homes were selected, what would be the highest possible positive sampling error?

• A) 6.0
• B) 3.0
• C) 0.5
• D) 2.5

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Definitions:

Tariff Rates

Taxes imposed on imported goods and services, which can affect the price and availability of those goods and services.

Expansionary Policies

Economic strategies implemented by a government or central bank to spur economic growth, typically through increased government spending or reduced taxes.

Economic Downturn

A period of reduced economic activity characterized by declining GDP, unemployment, and falling prices.

Monetary Policy

The process by which a central monetary authority, like a central bank, controls the supply of money in an economy, primarily to influence inflation and economic growth.