The Finite Population Correction Factor Should Be Used

question 78

Multiple Choice

The finite population correction factor should be used:

• A)whenever we are sampling from an infinite population.
• B)whenever we are sampling from a finite population.
• C)whenever the sample size is large compared to the population size.
• D)whenever the sample size is small compared to the population size.

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Definitions:

Fraudulent Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

False Statements

Deliberately untrue declarations made with the intention to deceive people or legal entities.

Injury

Physical harm or damage to an individual's body, or harm in legal contexts to someone's rights or reputation.

Mutual Rescission

An agreement between parties to terminate their contract and restore them to their original positions as if the contract had never existed.