Solved

Mean Salary in Order to Estimate the Mean Salary for a for a Population

Question 35

Essay

Mean Salary
In order to estimate the mean salary for a population of 500 employees,the president of a certain company selected at random a sample of 40 employees. ​ ​
-{Mean Salary Narrative} Would you use the finite population correction factor in calculating the standard error of the sample mean in this case? Explain.

Correct Answer:

verifed

Verified

Since the population size is 12.5 times ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions