Calculate the Percentage of the Population Sampled If N =

question 125

Essay

Calculate the percentage of the population sampled if n = 100 and N = 10,000. Should the standard error in this situation be multiplied by a finite population correction factor?
Explain.

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Definitions:

Receipts

Documents that acknowledge the receiving of goods, services, or payments, serving as proof of transaction or payment.

Disbursements

Payments made by a business or organization, typically involving the payment of cash expenditures, payroll, or other financial outflows.

Revenue

The total amount of money earned from the sale of goods and services before any expenses are subtracted.

Cash Basis

A method of accounting that records transactions when cash is received or paid out rather than when they are incurred.