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Suppose we wish to construct a confidence interval for a population proportion p. If we sample without replacement from a relatively small population of size N, the margin of error E is modified to include the finite population correction factor as follows:
Construct a confidence interval for the proportion of students at a school who are left handed. The number of students at the school is . In a random sample of 89 students, selected without replacement, there are 10 left handers.
Mature Industry
An industry that has experienced long-term growth and is characterized by stable earnings, low growth rates, and often intense competition.
Capital Budget
An estimation of the expenses and revenues related to long-term investment decisions of a company.
Dividend Payout Ratio
A financial metric that measures the proportion of earnings a company pays to its shareholders in the form of dividends, expressed as a percentage of its earnings.
Equity Capital
Capital acquired by a corporation in return for partial ownership of the corporation.
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