In the case of a simple random sample without replacement from a finite population, what is the effect of ignoring the finite population correction factor when calculating the variance of the sample mean Response choices A The variance is overestimated B The variance is underestimated C The effect depends upon the value of the mean D There is no effect E The effect depends on the value of the coefficient of variation

The Answer is in the image, click to view ...

Question: In the case of a simple random sample without replacement from a finite population, what is the effect of ignoring the finite population correction factor

In the case of a simple random sample without replacement from a finite population, what is the effect of ignoring the finite population correction factor when calculating the variance of the sample mean? Response choices:

A: The variance is overestimated
B: The variance is underestimated
C: The effect depends upon the value of the mean
D: There is no effect
E: The effect depends on the value of the coefficient of variation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in calculating the standard...

30. To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in calculating the...

The methods of this section assume that sampling is from a population that is very large or infinite, and that we are sampling with replacement. If we have a relatively small population and sample...

30. Employee Ages. To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in...

30. To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in calculating the...

SAMPLING MEAN: DEFINITION: The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample mean from a group of...

30. To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. a. Would you use the finite population correction factor in calculating the...

1. To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is selected. [3 Marks] Would you use the finite population correction factor in calculating the...

Could You Please find clear solution for following question? With best regards... Question: To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is...

Consider a company with a P/E multiple equal to 16x, tax rate 40%, debt ratio 35%, cost of debt 10%, depreciation to sales 7%, and EBITDA to sales margin 11%

The 12 smartphones in Table 26 have been randomly selected for the sample of an experiment. Use the seed 994 to randomly select 6 of the phones for the treatment group. The other 6 phones will be in...

The combined leverage is the result of the reduction in earnings from fixed costs and from amortization expense. Question 33Answer True False

Question 1: A leader is best defined as anyone who has followers. True: False: Question 2: Distinctions are better than definitions because: A. They are motivational. B. They are easier to...

1. Discuss the following statements: (a) A circle becomes a straight line when viewed on a very small scale. (b) Breaking patterns creates change.

2. Develop your own loop models for the following conditions. At least one model shall be developed for each of the points under (a-j) a) If A shows anger towards B, what will Bs reaction be? b) What...

1. To gain an understanding of the fact that relationships are something more than only cause and effect chains.