Examlex
Refer to the figure below. Does this figure have any inaccuracies?
Finite Population Correction Factor
A factor applied to the calculation of standard errors when sampling from a finite population to adjust for the sample size relative to the population size.
Sample Mean
The average value obtained from a sample, a subset of a larger population.
Population Mean
The average of a set of values in the entire population.
Margin of Error
An expression of the extent to which a sample statistic may differ from the true population parameter; it quantifies uncertainty in estimation.
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