The formula Ï/n for the standard deviation of x actually is an approximation that treats the population
Question:
The term (N - n)/(N - 1) is called the finite population correction.
a. When n = 300 students are selected from a college student body of size N = 30,000, show that the standard deviation equals 0.995 Ï/n. (When n is small compared to the population size N, the approximate formula works very well.)
b. If n = N (that is, we sample the entire population), show that the standard deviation equals 0. In other words, no sampling error occurs, since xÌ = m in that case.
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
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