Finite Population Correction Factor In Exercises 57 and 58, use the information below.
In this section, you studied the construction of a confidence interval to estimate a population mean. In each case, the underlying assumption was that the sample size n was small in comparison to the population size N. When n ≥ 0.05N however, the formula that determines the standard error of the mean needs to be adjusted, as shown below.
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Recall from the Section 5.4 exercises that the expression sqrt[(N-n)/(n-1)] is called a finite population correction factor. The margin of error is
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Use the finite population correction factor to construct each confidence interval for the population mean.
a. c = 0.99, xbar = 8.6, σ = 4.9, N = 200, n = 25.