The ________ Is a Correction for Overestimation of the Variance

question 63

Multiple Choice

The ________ is a correction for overestimation of the variance of a population parameter,e.g. ,a mean or proportion,when the sample size is 10 percent or more of the population size.

• A) finite population correction
• B) parameter
• C) precision level
• D) statistic

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Definitions:

Agency Laws

Regulations that govern the relationship between an agent, who acts on behalf of another, and the principal, for whom the agent acts.

Employee

A person legally contracted to work for another in return for financial or other compensation, under certain conditions of employment.

Employer-Employee Relationship

A legal and professional relationship between an employer and their employee, characterized by the exchange of labor for compensation, under agreed conditions.

Agents

Individuals or entities authorized to act on behalf of others (principals) in contractual matters or negotiations, creating legal relationships.