Utilizing the finite population correction factor

Assignment Help Basic Statistics
Reference no: EM1316908

To find the confidence interval with finite population correction factor.

TRUE/FALSE

First a confidence interval is constructed without using the finite population correction factor. Then, for the same identical data, a confidence interval is constructed using the finite population correction factor. The width of the interval with the finite population correction factor is wider than the confidence interval without the finite population correction factor.

Reference no: EM1316908

Questions Cloud

Computing yield to maturity for u.s. treasuries securities : Computing yield to maturity for U.S. Treasuries securities and examine the chart WSJ or IBD provides
Regarding the national defence authorization act : Cyber security Act of 2012, National Defence Authorization Act (NDAA), and Library Services and Technology Act are the three recent laws dealing with computer crimes.
Determinations of minimum wages in perfectly competitive : Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
Make the equation in its equivalent exponential form : Make the equation in its equivalent exponential form
Utilizing the finite population correction factor : 1st a confidence interval is constructed without utilizing the finite population correction factor.
Percent yield and percent error : Find the theoretical, percent yield and percent error of the reaction - Calculate the percent error of this reaction.
Random sample of eight cars : A random sample of eight cars from each manufacturer is selected, and eight drivers are selected to drive each automobile for a specified distance.
Plotting the demand curve : Use the demand curve to help you calculate the number of DVDs rented per month and the amount of consumer surplus derived at a rental price of $5.
Decision to do a hypothesis test : Suppose the population is normally distributed they make a decision to do a hypothesis test.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Success probability of o-ring

What was the success probability of each O-ring?

  Probability related to subset

How many subsets of  S  contain either the number 6 or the number 15?

  What is the minimum score

A survey of college students collected information on several variables: Distance from Home, Age, Major, Gender, and Class. The variable Major is

  Important predictor of amount of sales

Hours worked is important predictor of amount of sales.

  Decision making-expected monetary value

Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.

  Determining probability of serum cholesterol level

If 1 man aged 18-24 is arbitrarily chosen, determine the probability that his serum cholesterol level is between 165 and 200.

  Coefficient of determination of model

A regression model between sales (Y in $1,000), unit price (X 1  in dollars) and television advertisement (X 2  in dollars) resulted in the following function:        = 7 - 3X1 + 5X 2  For this model SSR = 3500, SSE = 1500, and the sample size is 18...

  Random variable and probability density function

The random variable x is known to be uniformly distributed between 1.0 and 1.5.

  Explaining linear programming module-transportation module

Use either Linear Programming module or Transportation module of Cd to minimize the shipping costs involved in move.

  Among appropriate statistical certainty which the proportion

To find out the proportion of the population of likely voters who agree the statement. Could we say among appropriate statistical certainty which the proportion of the population of likely voters.

  Determine if the improvement is of practical significance

determine if the improvement is of practical significance one should. Crop researchers plant 100 plots with a new variety of corn. The average yield for these plots is x' = 130 bushels per acre

  Compute the expected value of perfect information

Suppose the probability of the worst-case scenario increases Compute the expected value of perfect information

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!

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