User Account

All Pages

Years of the population mean age

Assignment Help Business Management
Reference no: EM131109219

Please answer following question clearly.

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 error of the mean? Explain.

b. If the population standard deviation is σ.2 years, compute the standard error both with and without the finite population correction factor. What is the rationale for ignoring the finite population correction factor whenever n/N=.05?

c. What is the probability that the sample mean age of the employees will be within 2 years of the population mean age?

Reference no: EM131109219

Questions Cloud

What expression must be evaluated to access v : what expression must be evaluated to access v from procedure P using static links?
What phases of each can be run concurrently : What changes to garbage collection algorithms can facilitate concurrent garbage collection?
Largely superficial and the existing personnel structures : Imagine you are working for a large international purchasing company that has just bought a growing local company that manufactures western wear at several locations (it's a group of cottage industries;
Develop a customer relationship management system : You are a newly recruited programmer, working for an IT company. This company won a contract to develop a Customer Relationship Management System (CRM) for a major retailer. The CRM system has to be designed using Object Oriented techniques and to be..
Years of the population mean age : If the population standard deviation is σ.2 years, compute the standard error both with and without the finite population correction factor. What is the rationale for ignoring the finite population correction factor whenever n/N=.05? What is the p..
Identify heap objects that will be long-lived : What compile-time analyses can be done to identify heap objects that will be long-lived? At run-time, how can we efficiently estimate the "age" of a heap object (so that long-lived heap objects can be specially treated)?
Firms increasingly tap their pension funds : What is the accounting issue related to the use of these "excess assets" by companies?
Business analytics implementation plan part : In learning about BA, you have covered quite a few topics from the manager's decision-making process to technology integration. The best way to pull all of this knowledge together is to create a BA implementation plan for a hypothetical organizati..
Poisson probability distribution the numbers of cars : In the following Poisson probability distribution the numbers of cars that arrive at a bank's drive through window between 3PM and 6PM on a Friday average 0.37 cars per minute. Compute the probability that the number of cars that arrive at the ban..

Reviews

Write a Review

Business Management Questions & Answers

  Negative consequences in the workplace

Define conflict, and debate its positive and negative consequences in the workplace. Explain how one might relate to a real-world scenario professionally or personally.

  Lisa had obtained a property insurance policy

Lisa had obtained a property insurance policy on the building from feelsafe insurance co. The bed and breakfast does not do well and lisa has to close the business. While the bed and breakfast was empty, a fire was negligently started by a nearby hot..

  Information about decision makingthe leader of your client

information about decision makingthe leader of your client organization has observed a lack of flexibility and a slow

  Discuss the distinguishing features

1. Discuss the distinguishing features (Market size, Market growth rate, Industry strength, etc.) of the industry.2. Discuss the competition within the industry. Who are the main players? How intense is the rivalry? How attractive is the industry? Wh..

  Contemporary communication technology and social changehow

contemporary communication technology and social changehow can contemporary communication technology help your

  Expected return correlates positively with expected risk

Generally expected return correlates positively with expected risk. X has the best expected return (assuming Sharon weren't return-indifferent this isn't as silly as it sounds when you're dealing with OPM)

  Management styles and scope creep

Regular functional managers are moving from their classic authoritarian style to a facilitative, participatory style because it is more effective.

  Elucidate how important are communications

Elucidate how important are communications and computing technologies to the smooth functioning of the foreign-exchange market.

  What are the implications for international business

Illustrate what are the implications for international business of differences in the dominant RELIGIOUS also ethical system of a country.

  In its 30 years of existence hard rock has grown from a

in its 30 years of existence hard rock has grown from a modest london pub to a global power managing 110 cafes three

  Briefly describe five professional challenges

Briefly describe five professional challenges that you currently face or anticipate facing soon.

  Explain if northern sludge issues an additional

Explain If Northern Sludge issues an additional $15 million of common stock and uses this money to retire debt

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd