The finite correction factor should be used in the computation of $\sigma _ { \bar{x} } \text { and } \sigma _ { \bar{y} }$ when n/N is greater than _____.
A) .01
B) .025
C) .05
D) .10

Question

Quizplus · Accepted Answer

The finite correction factor is typically used when the sample size (n) is greater than 5% of the population size (N), which corresponds to n/N > .05. This factor corrects for the decrease in variability that occurs when sampling without replacement from a finite population.

The Finite Correction Factor Should Be Used in the Computation σxˉ and σyˉ\sigma _ { \bar{x} } \text { and } \sigma _ { \bar{y} }σxˉ​ and σyˉ​​

The Finite Correction Factor Should Be Used in the Computation $\sigma _ { \bar{x} } \text { and } \sigma _ { \bar{y} }$