The Following Values Represent the Population of Home Mortgage Interest

question 109

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 most extreme amount of sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated?

• A) About -0.40 percent
• B) About 0.13 percent
• C) About 0.40 percent
• D) Can't be determined without more information.

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Definitions:

Pebble Tools

Primitive stone tools made by chipping small flakes from pebbles to create a sharp edge, used by early humans for cutting and scraping; typical of the Paleolithic era.

Atlatl

A tool used to throw spears or darts with greater force and distance than could be achieved by the human arm alone, employed by various ancient cultures.

Burin

A type of stone tool with a chisel-like edge, primarily used in carving or engraving hard materials during prehistoric times.

Flakes

Small, thin pieces of something, typically broken off from a larger piece, often used in reference to stone tool production in archaeology.