Question
Statistics for Economics Question on Probability theory
Which of the following CORRECTLY defines the relationship between the variances of sample means for simple random samples drawn with and without replacement from a normal population?
A
nσ2>nσ2(N−1N−n)
B
nσ2≤nσ2(N−1N−n)
C
nσ2<nσ2(N−1N−n)
D
nσ2=nσ2(N−1N−n)
Answer
nσ2>nσ2(N−1N−n)
Explanation
Solution
The correct option is (A): nσ2>nσ2(N−1N−n)