Math Problem Statement

Suppose a random sample of size is selected from a population with . Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate). a. The population size is infinite (to decimals). 1.56 b. The population size is N= 50000 is (to decimals). 1.56 c. The population size is N=5000 (to decimals). 1.56 d. The population size is N=500(to decimals).

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Standard Error
Population Parameters

Formulas

SEM = σ / √n × FPC
FPC = √((N - n) / (N - 1))

Theorems

Central Limit Theorem

Suitable Grade Level

Grades 11-12