When estimating the mean age of a population of 5000 individuals, a simple random sample of 50 subjects is selected. Should the correction factor for a finite population be used in calculating the standard error of the mean? a. Does not apply b. No c. Yes d. Maybe

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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When estimating the mean age of a population of 5000 individuals, a simple random sample of 50
subjects is selected. Should the correction factor for a finite population be used in calculating the
standard error of the mean?
a. Does not apply
b. No
c. Yes
d. Maybe
Transcribed Image Text:When estimating the mean age of a population of 5000 individuals, a simple random sample of 50 subjects is selected. Should the correction factor for a finite population be used in calculating the standard error of the mean? a. Does not apply b. No c. Yes d. Maybe
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