# Question

Find the value of the finite population correction factor N – n / N – 1 for

(a) n = 5 and N = 200;

(b) n = 50 and N = 300;

(c) n = 200 and N = 800.

(a) n = 5 and N = 200;

(b) n = 50 and N = 300;

(c) n = 200 and N = 800.

## Answer to relevant Questions

A random sample of size n = 100 is taken from an infinite population with the mean µ = 75 and the variance σ2 = 256. (a) Based on Chebyshev’s theorem, with what probability can we assert that the value we obtain for X ...A random sample of size 100 is taken from a normal population with σ = 25. What is the probability that the mean of the sample will differ from the mean of the population by 3 or more either way? The claim that the variance of a normal population is σ2 = 4 is to be rejected if the variance of a random sample of size 9 exceeds 7.7535. What is the probability that this claim will be rejected even though σ2 = 4? Use a computer program to verify the six values of f0.01 in Table VI corresponding to v1 = 15 and v2 = 12, 13, . . . , 17. With reference to Example 9.1, what decision would minimize the manufacturer’s expected loss if he felt that (a) The odds for a recession are 3 to 2; (b) The odds for a recession are 7 to 4? Example 9.1 A manufacturer of ...Post your question

0