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Compute the standard error of the sample mean

Discuss the following:

Q: Suppose N = 80000, n = 16000 and s = 50.

a. Compute the standard error of the sample mean using the finite population correction factor.

b. Repeat part a assuming n= 32000.

c. Repeat part a assuming n = 80000.

d. Compare parts a, b and c, and describe what happens to the standard error of the sample mean as n is increased.

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Basic Statistics: Compute the standard error of the sample mean

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