The finite population correction factor for adjusting the confidence interval when sampling from a finite population is used when

Indicate whether the statement is true or false

FALSE

Business

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Toyota Corporation is interested in determining the satisfaction of Lexus users. Instead of sampling the entire population of car owners, Toyota samples those who owned a Lexus. Toyota is drawing its sample from a:

a. sampling unit. b. defined target population. c. designated sampling population d. subset relevant population. e. full-set relevant population

Business

Which of the following sets the upper limit for a product's pricing?

A) profits B) product costs C) consumer perceptions of value D) elements of the product mix E) competition

Business