The following values represent the population of home mortgage interest rates (in percents) being charged by the
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Question:
The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city:
| 3.3 | 3.5 | 4.5 | 4.0 | 4.3 |
| 3.9 | 3.8 | 4.1 | 4.2 | 3.7 |
Given this information, what is the smallest to largest range for the sampling error possible if a random sample of n = 3 banks is surveyed and the mean loan rate is calculated?
Expert Answer:
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
