The use of the finite population correction factor when sampling without replacement from finite populations will
A) reduce the standard error of the mean.
B) not affect the standard error of the mean.
C) only affect the proportion, not the mean.
D) increase the standard error of the mean.

Question

Quizplus · Accepted Answer

The finite population correction factor reduces the standard error of the mean when sampling without replacement from a finite population, as it accounts for the reduced variability due to the limited population size.

The Use of the Finite Population Correction Factor When Sampling