The purpose of the finite population correction (fpc) is to:
A) correct for poor precision
B) correct for the fact that sampling is done without replacement
C) correct for an inaccurate standard error of the mean
D) improve the precision of an estimate with small samples
E) none of the above

Question

Quizplus · Accepted Answer

The finite population correction (fpc) is used to correct for the fact that sampling is done without replacement from a finite population. When the sample size is a large portion of the population, the standard error of the mean calculation is adjusted by the fpc to improve the accuracy of the estimate. This correction is not necessary when the population size is very large compared to the sample size.

The Purpose of the Finite Population Correction (Fpc) Is To