When Is the Finite Population Correction Used

question 86

Multiple Choice

When is the finite population correction used?

• A)When the population is more than or equal to 20 times the sample size.
• B)When the population is less than or equal to 20 times the population size.
• C)When the population is equal to 20 times the population size.
• D)Whenever the sample size is small,no matter what the population size is.

---

Definitions:

Underemployed

Refers to individuals working in a job that does not fully utilize their skills, education, or availability, often resulting in part-time employment despite a desire for full-time work.

Manhattan Island

An island located at the mouth of the Hudson River in New York City, known for being the city's economic and cultural center.

Automobile Factory

A manufacturing facility that specializes in producing automobiles, utilizing assembly lines for efficient mass production.

Unemployment

Occurs when people who are willing to work are unable to find jobs, representing a wasted potential in the economy.