A random sam ple of size n = 100 is taken from a population of size N
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A random sam ple of size n = 100 is taken from a population of size N = 2,500 with m ean μ = —45 and variance σ2 = 81.
a. Is it necessary to apply th e finite population correction factor? Explain. Calculate the expected value and the standard deviation of th e sam ple m ean.
b. W hat is th e probability th a t th e sam ple m ean is betw een
– 47 and – 43?
c. W hat is th e probability th a t th e sam ple m ean is greater th an – 44? L056
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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