The Following Values Represent the Population of Home Mortgage Interest

question 10

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:

Psychological Laboratory

A controlled environment designed for conducting research, experiments, and studies in psychology.

Wilhelm Wundt

Considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychotherapist.

Wilhelm Wundt

Considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879, marking the beginning of psychology as a separate science.