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Mathematics, 27.02.2020 17:16 218219

Which of the following SRS designs will give the most precision (smallest standard error) for estimating a population mean? Assume that each population has the same value of the population variance S^2?

1) An SRS of size 400 from a population of size 4000
2) An SRS of size 30 from a population of size 300
3) An SRS of size 3000 from a population of size 300,000,000

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