By applying the finite multiplier,it is possible to reduce the:
A)Population and achieve the same accuracy level.
B)Sample size or achieve the appropriate accuracy level.
C)Sample size and achieve the same accuracy level.
D)Accuracy level and maintain the same sample size.

Question

Quizplus · Accepted Answer

The finite population correction factor (finite multiplier) is used when sampling without replacement from a population that is not much larger than the sample itself. It adjusts the standard error to account for the proportion of the population being sampled, allowing for a smaller sample size to achieve the same level of accuracy as would be needed with a larger population.

By Applying the Finite Multiplier,it Is Possible to Reduce The