It has been stated that the standard error of X is /n. This assumes that the population

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It has been stated that the standard error of X̅ is σ/√n. This assumes that the population is infinite. If n is a significant proportion of the population size, N, a finite population correction to the standard error is needed:

Find the correction to the standard error of X̅ when

a) n = 20, N = 40.

b) n = 50, N = 100000.

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Principles Of Managerial Statistics And Data Science

ISBN: 9781119486411

1st Edition

Authors: Roberto Rivera

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Question Posted: Aug 08, 2023 04:39 AM

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It has been stated that the standard error of X is /n. This assumes that the population

Question:

0 n N-n n-1

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To find the correction to the standard error of X u...View the full answer

Principles Of Managerial Statistics And Data Science

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