Under what conditions should the finite population correction factor be used in determining the standard error of

Question:

Under what conditions should the finite population correction factor be used in determining the standard error of a sampling distribution?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics A Decision Making Approach

ISBN: 9780134496498

10th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

See More Books

Question Posted: Aug 04, 2018 06:44 AM

See More Questions

As a rule of thumb, under what conditions should the finite population correction be employed in determining confidence intervals and calculating required sample sizes?
a. Calculate the finite population correction factor when the population size is N = 1,000 and the sample size is n = 100. b. Repeat part (a) when N = 3,000. c. Repeat part (a) when N = 5,000. d....
To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in calculating the standard...
Selected data from a February payroll register for Halverson Company are presented below. Some amounts are intentionally omitted. FICA taxes are 7.65%. State income taxes are 4% of gross earnings....
The average size of single-family homes built in the United States is 2,600 square feet (U.S. Census Bureau, 2015). A random sample of 100 new homes sold in California yielded the following size...
Implementing balanced scorecard. Ann Jasper, an executive in a large bank, recently attended a conference on management in the banking industry. At the conference, a m anager from Citibank presented...
Information related to Miracle Company for 2015 is summarized below. Total credit sales ..............$1,000,000 Accounts receivable at December 31 ...... 369,000 Bad debts written off ...............
The Muscat City for the year 2019 maintain two funds: a General Fund accounts for its unrestricted resources and general operations, and a Proprietary funds for internal services and State...
Merit & Family purchased engines from Canada for 30,000 Canadian dollars on March 10 with payment due on June 8. Also, on March 10, Merit acquired a 90-day forward contract to purchase 30,000...
Findings from the National Health and Nutrition Examination Survey (NHANES) 19992002, the National Health Interview Survey (NHIS) 2006, and the Tobacco Use Supplement to the Current Population Survey...
A company in Hawaii manages properties for owners and arranges for the properties to be rented. A property owner who is considering using the company is told that 10% of the bookings result in a...
Carson Beck works at the local Worst Buy Shop. As a full-time student at the local university, he is being paid an hourly rate of $4.20 an hour. One week, Beck worked 37 hours. a. Beck's earnings for...
Write out the form of the partial fraction decomposition of the function (See Example ). Do not determine the numerical values of the coefficients. (If the partial fraction decomposition does not...
Below is the actual assignment information. Here is where you will submit your event for approval. It is not graded, but you will need it to be marked complete in order to submit your paper, so...
3. (20 points) A researcher is interested in whether the phonics method of teaching reading is more or less effective than the sight method, depending on what grade the child is in. Twenty children...
Let A and B be the matrices given below: -5 9 -7 A= 8 -1 -3 B=9 6 -1 8 -1 -7. 0 Perform the following matrix operations and enter the entries below: -4A = A-4B = 5A-3B=
The product business can be isolated into four principal classes: programming administrations, framework administrations, open source and SaaS. The accompanying depicts the classifications of...
Compute each matrix sum or product if it is defined. If an expression is undefined, explain why. Let A + 2B, 3C - E, CB, EB A = C 1] B =[7 2 2 0-1 -3 4 1 2 =[-22 1] D= [ 7 -5 -1 -4 -3 3 5 4 E = -5 3
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
The Environmental Protection Agency (EPA) tests all new cars and provides a mileage rating for both city and highway driving conditions. Thirty cars were tested and are contained in the data file...
American Express estimates current Halloween spending to be about $53 per person. Much of the spending was expected to come from young adults. A file titled Halloween contains sample data on...
PayScale is a source of online compensation information, providing access to accurate compensation data for both employees and employers. PayScale allows users to obtain compensation information...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...

Under what conditions should the finite population correction factor be used in determining the standard error of

Question:

Step by Step Answer:

The finite population correction ...View the full answer

Business Statistics A Decision Making Approach

Students also viewed these Mathematics questions