The Use of the Finite Population Correction Factor When Sampling

question 10

Multiple Choice

The use of the finite population correction factor when sampling without replacement from finite populations will

• A)increase the standard error of the mean.
• B)not affect the standard error of the mean.
• C)reduce the standard error of the mean.
• D)only affect the proportion,not the mean.

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Definitions:

Sample Size

The number of observations or elements selected from a population to be included in a sample.

Standard Deviation

A measure of the dispersion or variability of a set of data points from their mean, indicating how spread out the data points are.

Population Mean

The average of a set of characteristics (numbers) of every member in the entire population.

Sampling Distribution

A statistical distribution of all possible sample means or sample proportions that could be generated from a population.