BMKT 312 Sampling 2 Study Guide

BMKT 312 Sampling 2 Study Guide

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Unformatted text preview: 4. The circumstances under which the finite population correction factor should be used (see formula on slide). In general, when the sample size will represent more than 5-10% of the population, the calculated sample size should be reduced by the finite population correction factor. 5. Four methods of determining sample size for a project. 1. Using a statistical approach in which the desired levels of confidence and precision, as well as the estimated variability of the characteristic in the population, are taken into account. 2. U...
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This note was uploaded on 02/13/2014 for the course BMKT 312 taught by Professor Surajcommuri during the Fall '13 term at SUNY Albany.

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