# Question

Explain why the finite population correction√(N – n) / N is unnecessary when the sample size is less than 5 percent of the population size. Give an example using numbers.

## Answer to relevant Questions

A retailer that sells audio and video equipment accumulated 10,451 sales invoices during the previous year. The total of the sales amounts listed on these invoices (that is, the total sales claimed by the company) is $ ...In an article in the Journal of Retailing, J. G. Blodgett, D. H. Granbois, and R. G. Walters investigated negative word-of-mouth consumer behavior. In a random sample of 201 consumers, 150 reported that they engaged in ...Define each of the following: Type I error, α, Type II error, β. Do part b of Exercise 9.15 if the sample mean equals 60.618. In par b exercise Suppose that Consolidated Power decides to use a level of significance of a .05, and suppose a random sample of 100 temperature readings is ...Consider the trash bag case. The mean and the standard deviation of the sample of 40 trash bag breaking strengths are 50.575 and 1.6438, respectively. (1) Test H0: μ = 50 versus Ha: μ = 50 by setting α equal to .05 and ...Post your question

0