Which of the following SRS designs will give the most precision for estimating a population mean? Assume
Question:
Which of the following SRS designs will give the most precision for estimating a population mean? Assume that each population has the same value of the population variance S2.
1. An SRS of size 400 from a population of size 4000
2. An SRS of size 30 from a population of size 300
3. An SRS of size 3000 from a population of size 300,000,000
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Design 3 gives the most precision because its sample ...View the full answer
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Anurag Agrawal
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