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

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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.

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Since the population size is 12.5 times ...

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