The Following Values Represent the Population of Home Mortgage Interest

question 22

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 would the sampling error be if a sample including the seven values in the top row were used to compute the sample mean?

• A)Approximately 6.93
• B)About 0.56
• C)Approximately -0.07
• D)About 0.07

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Definitions:

Line Segments

Portions of a line defined by two endpoints, representing the shortest path between those two points.

Distance

The measurement of the space between two points.

Decimal

A numerical value that uses a decimal point to indicate a fraction of a base-10 number.

Y-axis

The vertical axis in a two-dimensional graph, typically used to represent the range or dependent variable in a function or data set.