Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Finite Population Correction Factor Or Fpcf)
If a specified population is relatively of small size and sample size is more than 5 percent of the population then the standard error must be adjusted by multiplying it by the finite population correction factor as:
FPCF is described by =
Whereas N = population size
n = sample size
Illustration
A manager wants an estimate of sales of salesmen in his company. A random sample 100 out of 500 salesmen is chosen and average sales are found to be Shs. 75,000. If a sample standard deviation is Shs. 15000 then determines the population mean at 99 percent level of confidence
Solution
Now N = 500, n = 100, x¯ = 75000 and S = 15000
Here
Standard error of mean
Sx¯ = (s/√n) * {}
= (15,000/√100) * (√ {(500 - 100)/(500 - 1)})
= (15,000/10) * (0.895)
Sx¯ = 1342.50 at 99 percent level of confidence
Population mean = x¯ ± 2.58 Sx¯
=shs 75000 ± 2.58(1342.50)
=shs 75000 ± 3464
= Shs 71536 to 78464
how do i round off $5.00 to the nearest 10
1. A stack of poles has 22 poles in the bottom row, 21 poles in the next row, and so on, with 6 poles in the top row. How many poles are there in the stack? 2. In the formula N
how do we answer questions with fraction mixed. what are the easier ways to do it
In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob
Kurtosis - It is a concept, which refers to the degree of peakedness of a described frequency distribution. The degree is generally measured along with reference to general di
Implicit Differentiation : To this instance we've done quite a few derivatives, however they have all been derivatives of function of the form y = f ( x ) . Unluckily not all
how do we solve multiple optimal solution
A man arranges to pay a debt of Rs.3600 in 40 monthly instalments which are in a AP. When 30 instalments are paid he dies leaving one third of the debt unpaid. Find the value of th
Suppose m be a positive integer, then the two integer a and b called congurent modulo m ' if a - b is divisible by m i.e. a - b = m where is an positive integer. The congru
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd