Essay
(A)Compute the point estimate of the population mean from the sample above.What is the sampling error in this case? Assume that the population consists of the given 200 customer service times.
(B)Compute the point estimate of the population standard deviation from the sample above.
(C)Should you use the finite population correction (fpc)factor to estimate the standard error of 
? Explain.If your answer is yes,what is the value of the fpc?
(D)Determine a good approximation to the standard error of the mean in this case.
Correct Answer:
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(A)Sample mean 
= 0.96.Then,sampling err...View Answer
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Correct Answer:
Verified
= 0.96.Then,sampling err...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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