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A Sample of Size 20 Is Selected at Random from a Population

question 47

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A sample of size 20 is selected at random from a population of size N.If the finite population correction factor is 0.9418,then N must be 169.

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Definitions:

Savings

The portion of income not spent on current consumption, often set aside for future use or investment.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, often through the purchase of assets like stocks, bonds, or real estate.

Depression

A prolonged period of significant economic decline characterized by a substantial increase in unemployment, a drop in available credit, shrinking output, and bankruptcies.

Keynes

John Maynard Keynes was a British economist whose theories revolutionized macroeconomic practices and governmental economic policies.

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