A Particular Subdivision Has 20 Homes

question 14

Multiple Choice

A particular subdivision has 20 homes.The number of people living in each of these homes is listed as follows: Which of the following statements is true when comparing a random sample of size three homes selected from the population to a random sample of size 6 homes selected from the population?

• A)The amount of sampling error that will exist between the sample mean and the population mean will be half for the larger sample.
• B)The most extreme negative sampling error between x and μ is reduced by about 0.167 people.
• C)We can expect that the larger sample will produce more sampling error due to the potential to make coding errors.
• D)The sampling error that will result from the smaller sample will be less than what we would see from the larger sample.

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Definitions:

Revised Article 1

Refers to the updated first Article of the Uniform Commercial Code (UCC), which standardizes laws in the sales and leasing of goods across the United States.

UCC

Refers to the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Official Currency

The legally recognized money within a sovereign nation, used for all financial transactions and obligations.

Instrument Payable

A financial document promising to pay a specified amount of money to a person in possession or to their order.