The finite correction factor should be used in the computation of the standard deviation of the sample mean and the standard population when n / N is
A)greater than 0.05.
B)greater than 0.5.
C)less than 0.05.
D)less than 0.5.

Question

Quizplus · Accepted Answer

The finite correction factor is typically used when the sample size (n) is large relative to the population size (N), specifically when n/N is greater than 0.05 (or 5%). This accounts for the decrease in variability expected when a significant portion of the population is sampled.

The Finite Correction Factor Should Be Used in the Computation