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Author Question: The purpose of the finite population correction factor for the standard error of the mean is to ... (Read 102 times)

robinn137

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on: Jun 24, 2018
The purpose of the finite population correction factor for the standard error of the mean is to reflect the fact that the ___________________ ___________.
 
  A) population standard deviation is lower for a finite population when compared to an infinite one
  B) sampling error is lower for a finite population when compared to an infinite one
  C) population standard deviation is higher for a finite population when compared to an infinite one
  D) sampling error is higher for a finite population when compared to an infinite one

Question 2

A random sample of 30 business students required an average of 43.4 minutes to complete a statistics exam. Assume that the population standard deviation to complete the exam was 8.7 minutes.
 
  The margin of error for a 98 confidence interval around this sample mean is ________.A) 2.04
  B) 2.62
  C) 3.12
  D) 3.70
Business Statistics ¦ Donnelly ¦ 2nd Edition
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jsm54321

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


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