Simple random sampling uses a sample of size from a population of size to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?

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Asked Jun 1, 2019
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Simple random sampling uses a sample of size from a population of size to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?

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Expert Answer

Step 1

The population size is denoted by ‘N’ and the sample size is denoted by ‘n’.

Let the number of different random samples be ‘m’.

The number of different ra...

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