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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
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
About -0.43 to 0.40 percent
Given this information, what is the smallest to largest range for the sampling error possible if a random sample ofn= 3 banks is surveyed and the mean loan rate is calculated?
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