The purpose of the finite population correction factor for the ...

[robinn137]

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

[jsm54321]

Answer to Question 1

B

Answer to Question 2

D