Examlex
Which one of the following statements about line balancing is best?
Finite Population Correction Factor
The term \( \frac{(N - n)}{(N - 1)} \) that is used in the formulas for s_x and s_p whenever a finite population, rather than an infinite population, is being sampled. The generally accepted rule of thumb is to ignore the finite population correction factor whenever n/N ≤ .05.
Standard Error
The standard deviation of the sampling distribution of a statistic, most commonly of the mean.
Computing
Computing refers to the process of utilizing computer technology to complete a task or solve problems.
Sample Mean
The average calculated from a sample set of data, used as an estimate of the population mean.
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