A sample of 25 is selected from a known population of 100 elements. What is the finite population correction factor?
A)8.66
B)75
C)0.87
D)Cannot be determined

Question

Quizplus · Accepted Answer

The finite population correction factor can be calculated using the formula:
fpc = sqrt[(N-n)/(N-1)]
where N is the population size and n is the sample size.
In this case, N=100 and n=25.
Plugging in the values, we get
fpc = sqrt[(100-25)/(100-1)]
fpc = sqrt[0.75]
fpc = 0.866
Thus, the correct answer is C, 0.87 (rounded to two decimal places).

A Sample of 25 Is Selected from a Known Population