Population correction factor problem


Suppose a simple random sample of size 43 is selected from a population with = 11. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate).

1. The population size is infinite (to 2 decimals).

2. The population size is N = 50,000 (to 2 decimals).

3. The population size is N = 5000 (to 2 decimals).

4. The population size is N = 500 (to 2 decimals).

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Basic Statistics: Population correction factor problem
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