If the Population Size Is at Least 20 Times Larger

question 51

True/False

If the population size is at least 20 times larger than the sample size, a hypergeometric distribution can be approximated by the binomial distribution.

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Definitions:

Population proportion

The proportion of a specific group or characteristic within a defined population.

Margin of error

An indicator of the precision of an estimate, representing the range within which the true population parameter is expected to lie with a certain confidence level.

Confidence interval

A reach of numerical outputs, from sampling statistics, with the potential to cover the hidden value of a population parameter.

True proportion

The actual ratio or fraction of individuals or items within a population that possesses a particular characteristic.