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What is the range of possible sampling error

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Reference no: EM131652346

Question: Hillman Management Services manages apartment complexes in Tulsa, Oklahoma. They currently have 30 units available for rent. The monthly rental prices (in dollars) for this population of 30 units are

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a. What is the range of possible sampling error if a random sample of size n = 6 is selected from the population?

b. What is the range of possible sampling error if a random sample of size n = 10 is selected? Compare your answers to parts a and b and explain why the difference exists.

Reference no: EM131652346

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