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