What is the value of the finite population correction factor when a sample size of 250 is taken from a finite population of 1001?
A)0.7510
B)0.8667
C)1.9960
D)0.2498

Question

Quizplus · Accepted Answer

The finite population correction factor (FPCF) is given by the formula sqrt((N-n)/(N-1)), where N is the population size and n is the sample size. Plugging in N = 1001 and n = 250, we get FPCF = sqrt((1001-250)/(1001-1)) = sqrt(0.751) = 0.8667 (rounded to four decimal places). Therefore, the answer is B.

What Is the Value of the Finite Population Correction Factor