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A real estate company manages apartment complexes in a certain city. They currently have 24 units available for rent. The monthly rental prices (in
A real estate company manages apartment complexes in a certain city. They currently have 24 units available for rent. The monthly rental prices (in dollars) for this population of 24 units are in the accompanying table. Complete parts a through c. 2295 1780 2160 2295 1470 1215 1495 1935 895 35 1005 1665 2315 1545 1635 2075 2500 1080 970 1370 1605 1795 2370 2440 1950 a. What is the range or possible sampling error in a random sample of size n = is selected from the population? The possible sampling error ranges from -711.17 to 639.83 (Round to two decimal places as needed. Use ascending order.) b. What is the range of possible sampling error if a random sample of size n = 10 is selected? The possible sampling error ranges from -479.16 to 489.34 (Round to two decimal places as needed. Use ascending order.) c. Compare your answers to parts a and b and explain why the difference exists. OA. As the sample size increases, the sampling error becomes more positive. OB. As the sample size increases, the range of sampling error increases. OC. As the sample size increases, the range of sampling error decreases. OD. As the sample size increases, the sampling error becomes more negative. OE. Sample size has no effect on the sampling error. I
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