THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In taking a sample of n observations from a population of N members,the variance of the sampling distribution of the sample means is
=

.The quantity
is called the finite population correction factor.
-Explain why the result for possible magnitudes of the finite population correction factor,for samples of n =15 observations from populations of N = 15,30,60,100,500,1,000,5,000,and 10,000 members,is precisely what one should expect on intuitive grounds.

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In taking a sample of n observations from a population of N members,the variance of the sampling distribution of the sample means is  
=  
  
.The quantity  
is called the finite population correction factor.
-Explain why the result for possible magnitudes of the finite population correction factor,for samples of n =15 observations from populations of N = 15,30,60,100,500,1,000,5,000,and 10,000 members,is precisely what one should expect on intuitive grounds.

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In taking a sample of n observations from a population of N members,the variance of the sampling distribution of the sample means is  
=  
  
.The quantity  
is called the finite population correction factor.
-Explain why the result for possible magnitudes of the finite population correction factor,for samples of n =15 observations from populations of N = 15,30,60,100,500,1,000,5,000,and 10,000 members,is precisely what one should expect on intuitive grounds.