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
Hono Golf is a manufacturer of golf products in Taiwan and China. One of the golf
accessories it produces at its plant in Tainan Hsing, Taiwan, is plastic golf tees. The
injector molder produces golf tees that are designed to have an average height of 66
mm. To determine if this specification is met, random samples are taken from the
production floor. One sample is contained in the file labeled THeight. If the hypothesis
test determines the specification is not being met, the production process will be shut
down while causes and remedies are determined. At times this occurs even though the
process is functioning to specification. What type of statistical error would this be?
A) The null hypothesis, the specification not being met, was not rejected when in fact it
was not being met, this is a Type II error.
B) The null hypothesis, the specification not being met, was not rejected when in fact it
was not being met, this is a Type I error.
C) The null hypothesis, the specification is being met, was rejected when in fact it was
being met, this is a Type II error.
D) The null hypothesis, the specification is being met, was rejected when in fact it was