In constructing a confidence interval, the finite population correction factor (FPCF) can be ignored if samples of 12 items are drawn from a population of 300 items.

Question

Quizplus · Accepted Answer

The FPCF can be ignored if the sample size is less than or equal to 5% of the population. In this case, the sample size is 4% (12/300), which is less than 5%, so the FPCF can be ignored. Therefore, the statement is true.

In Constructing a Confidence Interval, the Finite Population Correction Factor