The Size of the Population Does Need to Be Considered

question 41

True/False

The size of the population does need to be considered if sampling is without replacement and the sample size is more than 10% of the population size. In this case, a finite population correction factor is used to adjust the margin of error (the given margin is multiplied by the correction factor). Since this correction factor is always less than 1, the adjusted margin of error is smaller.

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