As a general rule in computing the standard error of the sample mean, the finite population correction factor is used only if the:
A)sample size is smaller than 10% of the population size.
B)population size is smaller than 10% of the sample size.
C)sample size is greater than 10% of the population size.
D)population size is greater than 10% of the sample size.

Question

Quizplus · Accepted Answer

The finite population correction factor is applied when the sample size is greater than 10% of the population size, to adjust for the decrease in variability that occurs when sampling without replacement from a finite population.

As a General Rule in Computing the Standard Error of the Sample