In Computing the Standard Error of the Mean, the Finite

question 46

Multiple Choice

In computing the standard error of the mean, the finite population correction factor is used when

• A) N/n > 0.05
• B) N/n ≤ 0.05
• C) n/N > 0.05
• D) n/N ≤ 30

---

Definitions:

No Demand

A market situation where there is no consumer desire or interest in purchasing a specific product or service.

Inconsistency

The state of being inconsistent; lack of uniformity or steadiness in actions, values, or outcomes.

Training

The process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

Wedding Preparation Service

A business that offers planning and coordinating services for weddings, including venue selection, catering, and decorations.