Asked by Joshua Armstrong on Jul 04, 2024
Verified
What are the three components contributing to the margin of error for a sample taken from a finite population?
Margin of Error
A statistic expressing the amount of random sampling error in a survey's results, which represents the extent to which the survey results might differ from the true population values.
Finite Population
A population with a limited number of elements or units, making it possible to enumerate all members of the population.
Sample
A subset selected from a larger population for the purpose of investigation or analysis.
- Determine and explain the margin of error in statistical evaluations.
Verified Answer
MS
Malik ShabbirJul 05, 2024
Final Answer :
The three components of the margin of error for a finite population are the t value,the standard error,and the finite population correction factor.
Learning Objectives
- Determine and explain the margin of error in statistical evaluations.