Appropriate use of the finite multiplier formula will ________ when performing research on small populations.
A)increase the calculated sample size and save money
B)reduce the sample but increase the cost
C)reduce the overall cost of the research
D)reduce a calculated sample size and save money

Question

Quizplus · Accepted Answer

The finite multiplier formula is used when sampling from small populations to adjust for the fact that the sample size is a larger proportion of the total population. By using this formula, the calculated sample size may be reduced, which can result in cost savings. Therefore, choice D is the best answer to this question.

Appropriate Use of the Finite Multiplier Formula Will ________ When