What is the finite population correction factor? Why is it used? When should it be used?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
The finite population correction factor is an adjustment to the required sample size that is ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Marketing Research Essentials
ISBN: 978-1118249321
8th edition
Authors: Carl McDaniel Jr., Roger Gates
Question Posted:
Students also viewed these Marketing questions
-
A random sample of size n = 100 is taken from a population of size N = 2,500 with mean = 45 and variance 2 = 81. a. Is it necessary to apply the finite population correction factor? Explain....
-
Assuming that n = 100 and N = 1,000, and = 5, compute the standard error of the mean with and without the finite population correction factor.
-
A consulting firm was hired to perform a survey on people living in New York City. The survey was completed monthly for six months by 445 randomly selected people in different boroughs. There were a...
-
What are the four key building blocks of financial statement analysis? a. Liquidity and efficiency, solvency, profitability, and market b. Liquidity and efficiency, solvency, profitability, and...
-
What are the advantages and disadvantages of a corporate ownership structure?
-
In Fig. P.4.30 the wavefronts in the incident medium match the fronts in the transmitting medium every where on the interfacea concept known as wave front continuity. Write expressions for the number...
-
What does the product moment correlation determine?
-
Preparing Bank Reconciliation, Entries, and Reporting Cash The September 30, 2011, bank statement for Bennett Company and the September ledger accounts for cash are summarized here: No outstanding...
-
A function satisfies-+12 + (-11) (2) +(-11) +7 for all real numbers. There is exactly one real number a where we may use the squeeze theorem to compute the limi Find a and L f(x)-L
-
1. Both the video and the case written to accompany it consistently use the terms team or teamwork. In Chapter 10, we use four criteria to characterize a team as a small number of people with...
-
Distinguish among population, sample, and sampling distributions. Why is it important to distinguish among these concepts?
-
Assume that previous fast food research has shown that 80 percent of the consumers like curly french fries. The researcher wishes to have an error of 6 percent or less and be 95 percent confident of...
-
Fit the data from problem 11.11 to the following model by regression over all points, and compare with the experimental data on the same plot, using: (a) One-parameter Margules equation (b)...
-
You are looking at the bond quotes on your Bloomberg terminal. You see that the 5.875% coupon bond due on 2/15/31 has a price of 134-18 and a yield to maturity of 2.79%. The Face value of the bond is...
-
You are required to solve the following questions using Excel. Your answer for each question should be written in the following format: (a) Line 1: Excel syntax (e.g. =PMT(x%, x, -xxx,,0) to produce...
-
Peter now has $60,000 cash to invest in a property with purchase price of $300,000 property. To finance the purchase, he could obtain a $240,000 loan from either one of the following two banks. Both...
-
A bank pays interest of 5.3% per annum compounded monthly. If $2490 is placed in a savings account and the monthly interest is left in the account, how much money is in the account after 1 year?
-
Your oldest daughter is about to start kindergarten in a private school. Tuition is $13,000 per year, payable at the beginning of the school year. You expect to keep your daughter in private school...
-
One or more initial conditions are given for each differential equation in the following exercises. Use the qualitative theory of autonomous differential equations to sketch the graphs of the...
-
Conduct a VRIO analysis by ranking Husson University (in Maine) business school in terms of the following six dimensions relative to the top three rival schools. If you were the dean with a limited...
-
Select a product-market where new types of competition and/or new business models are developing. Discuss how and to what extent opportunities outside the competitive box are developing.
-
Review the GLOBAL APPLICATION concerning Chinas geographical income distributions. Discuss how this information could be useful to a company planning to enter the Chinese market with water...
-
Visit the website of Project 2000 (www2000.ogsm.Vanderbilt.edu), founded at the Owen Graduate School of Vanderbilt University to determine if the Web provides useful information for market and...
-
Orion Languages, Incorporated (OLI) offers conversational instruction in several languages. Customers can choose from three approaches: Group, Individual, or Intense. Group customers meet as a part...
-
Payroll is prepared for the month of January. Paychecks will be issued February 7. Annual salary information is as follows: Bryant, $36,000; Lennox, $40,000; Larkin, $26,000. Each employee...
-
Porter Pots ("PP") Pte Ltd manufactures a single product (an earthen self-cooking pot) and uses a standard costing system for control purposes. PP budgeted to produce and sell 14,000 units this year....
Study smarter with the SolutionInn App