A random sample of size n 100 is taken from a population, Management Theories

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A random sample of size n 100 is taken from a population

Question: A random sample of size n = 100 is taken from a population of size N = 3,000 with a population proportion of p = 0.34.

a. Is it necessary to apply the finite population correction factor? Explain. Calculate the expected value and the standard deviation of the sample proportion.

b. What is the probability that the sample proportion is greater than 0.37?

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Management Theories: A random sample of size n 100 is taken from a population

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Management Theories: A random sample of size n 100 is taken from a population

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