a. What is the finite-population correction factor? b. What is the adjusted standard error? c. What is

Question:

a. What is the finite-population correction factor?
b. What is the adjusted standard error?
c. What is an idealized population?
d. In what way are your results more limited if you use the finite-population correction factor than if you don’t?

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

Step by Step Answer:

Related Book For book-img-for-question

Practical Business Statistics

ISBN: 9780123852083

6th Edition

Authors: Andrew Siegel

See More Books

Question Posted: Nov 11, 2015 03:52 AM

See More Questions

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...
Finite Population Correction Factor If a simple random sample of size n is selected without replacement from a finite population of size N, and the sample size is more than 5% of the population size...
discusses how a reseller can service both a consumer and an industrial market from the same store location. Provide an example of a retailer and detail the differences in their marketing activities.
Standard milk chocolate M& come in six colors. The Fun Size bags typically contain between 16 and 20 candies, so it is common for a Fun Size bag to have some of the six colors missing. Each of the 14...
What are the key features of a bond? Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance Company and codirectors of the companys pension fund management division. An...
Let $B_{t}$ be a standard Brownian motion started at 0 . Use that for any function $f$ we have: \[\mathbf{E}\left[f\left(B_{t} ight) ight]=\frac{1}{\sqrt{2 \pi t}} \int_{-\infty}^{\infty} f(x)...
1. The producers of branded drugs are responding to the introduction of generic competitors by _______and_______. 2. Ninja Turtles versus Tai Chi Frogs. The demand for fantasy amphibians is linear,...
Adams Company makes a product that sells for $ 3 3 per unit. The company pays $ 1 9 per unit for the variable costs of the product and incurs annual fixed costs of $ 1 3 7 , 2 0 0 . Adams expects to...
Sutherland manufactures and sells 50,000 laser printers each month. A principal component part in each printer is its paper feed drive. Sutherland's plant currently has the monthly capacity to...
a. What is the standard error of a statistic? b. In what way does the standard error indicate the quality of the information provided by an estimate? c. What typically happens to the standard error...
a. What is a stratified random sample? b. What are the benefits of stratification? c. When is stratification most likely to be helpful?
How do linear and log-linear models differ in terms of their assumptions about the nature of demand elasticitys?
You have been working as the controller of Fixzit Corporation for the past six years. Last week you had appointed a bright young student, Daye Bitt, from Konkord University as a work study intern for...
Sandia corporation is considering two mutually exclusive projects. For our purposes, we will call them projects A and B. Project A is expected to cost $54,655, and project B is expected to cost...
If a project costs $467,384, and has the cash flows outlined in the table below, what is this project's payback period in years (use two decimal places in your response)? Year 1 10,644 Year 2 111,939...
Calculate balance sheet financial analysis the : Current Ratio , Working Capital Leverage,A/R Turndays, Inventory Turndays, and Accounts payable turnover using balance sheet. Table A Condensed Income...
Participation and Teaching Assistanship. Attached below is the material on this subject. Please help me answer the question stated below.? PLANNING Planning is an integral part of successful...
If you were offered l for the first week of work, 3 for the second week, 5 for the third week, 7 for the fourth week, and so on for a year, would you accept the offer? Would you accept an offer that...
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
An experiment involves tossing a pair of dice, 1 green and 1 red, and recording the numbers that come up. If x equals the outcome on the green die and y the outcome on the red die, describe the...
An experiment consists of tossing a die and then flipping a coin once if the number on the: die is even. If the number on the die is odd, the coin is flipped twice. Using the notation 4H, for...
Two jurors are selected from 4 alternates to serve at a murder trial. Using the notation A1 A3, for example, to denote the simple event that alternates 1 and 3 are selected, list the 0 elements of...
Recycle Corp recycles various scrap metals by processing them in an electric furnace at its Wedgewater facility. A large quantity of dust is produced as a byproduct which Recycle has been...
Zern v. Muldoon is the final decision of the Commonwealth Court fair? Why or why not
Develop Written Legal Business Plan for the following company: "Custom Memories, Inc." Note this company is a Small Corporation located in Florida. Its goal is to design and sell online customized...

a. What is the finite-population correction factor? b. What is the adjusted standard error? c. What is

Question:

Step by Step Answer:

a The finitepopulation correction factor NnN is used to reduce the standard ...View the full answer

Practical Business Statistics

Students also viewed these Statistics questions