Determine Which of the Following Population Size and Sample Size

question 79

Short Answer

Determine which of the following population size and sample size combinations would require the use of the finite population correction factor in calculating the standard error.
A)N = 150; n = 25
B)N = 1500; n = 300
C)N = 2500; n = 75
D)N = 15,000; n = 1000

• A)N = 150; n = 25
• B)N = 1500; n = 300
• C)N = 2500; n = 75
• D)N = 15,000; n = 1000

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Definitions:

Customer Perspective

An approach or strategy in business that focuses on understanding and meeting the current and future needs of customers.

Strategy Map

A visual tool that illustrates a company’s strategic goals and the means to achieve them, highlighting cause-and-effect relationships.

Supply Chain Map

A graphical representation that details the steps involved in moving a product from supplier to customer, including all intermediary phases such as procurement, manufacturing, and distribution.

Internal Processes Perspective

A component of the Balanced Scorecard that emphasizes improving internal operations and processes to meet business goals and customer expectations.