Princess Cruises recently offered a 16-day voyage from Beijing to Bangkok during the time period from May to August. The announced price, excluding airfare, for a room with an ocean view or a balcony was listed as $3,475. Cruise fares usually are quite variable due to discounting by the cruise line and travel agents. A sample of 20 passengers who purchased this cruise paid the following amounts (in dollars): Determine the sampling error for this sample.
A) -$29.70
B) -$51.12
C) -$21.71
D) -$31.74

Question

Princess Cruises recently offered a 16-day voyage from Beijing to Bangkok during the time period from May to August. The announced price, excluding airfare, for a room with an ocean view or a balcony was listed as $3,475. Cruise fares usually are quite variable due to discounting by the cruise line and travel agents. A sample of 20 passengers who purchased this cruise paid the following amounts (in dollars):  Determine the sampling error for this sample.
A) -$29.70 
B) -$51.12 
C) -$21.71 
D) -$31.74

Quizplus · Accepted Answer

The Answer of Princess Cruises recently offered a 16-day voyage from Beijing to Bangkok during the time period from May to August. The announced price, excluding airfare, for a room with an ocean view or a balcony was listed as $3,475. Cruise fares usually are quite variable due to discounting by the cruise line and travel agents. A sample of 20 passengers who purchased this cruise paid the following amounts (in dollars):  Determine the sampling error for this sample.
A) -$29.70 
B) -$51.12 
C) -$21.71 
D) -$31.74

Princess Cruises Recently Offered a 16-Day Voyage from Beijing to Bangkok