You are reviewing the latest survey results from the Dairy Farmers of America ac

Question

You are reviewing the latest survey results from the Dairy Farmers of America account. You are responsible for analyzing the results. One of your tasks is to find the standard deviation and z-value of the sampling distribution. The sample size for the survey was large relative to the population size. You see that the sampling took place without replacement. What do you need to use when you are finding the z-value for this data set? a. The Central Limit Theorem b. An unbiased estimator c. Theorem 6-1 d. The Finite Population Correction Factor

Explanation / Answer

The answer id D. In mostly survey results, the samples are taken without replacement and if they are more than 5% of the population but are finite its best to use FPC factor

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