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.

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Definitions:

Office Equipment

Assets like computers, printers, and furniture used in an office to facilitate work.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Indirect

Costs or actions not directly tied to the production or sale of goods, such as administrative expenses, marketing, and support services.

Administrative Facilities

Buildings and spaces used for the management and support functions of an organization.