As a General Rule in Computing the Standard Error of the Sample

question 132

Multiple Choice

As a general rule in computing the standard error of the sample mean,the finite population correction factor is used only if the:

• A)sample size is smaller than 5% of the population size.
• B)sample size is greater than 5% of the sample size.
• C)sample size is more than half of the population size.
• D)None of these choices.

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Definitions:

Disinflation

A drop in the pace of inflation, showing that the rate at which prices of goods and services climb is slowing down.

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the economy.

Misery Index

An economic indicator created by adding the unemployment rate to the inflation rate, proposing to reflect the average citizen's financial discomfort.

Nominal Interest Rate

The rate of interest before adjusting for inflation, representing the face value of interest payments.