As a general rule of thumb, if the items selected for a sample are not replaced and the sample size is less than 5 percent of the population, the binomial distribution can be used to approximate the hypergeometric distribution.

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This is a correct statement. When the items selected for a sample are not replaced and the sample size is less than 5 percent of the population, the binomial distribution can be used as an approximation of the hypergeometric distribution. This is because the binomial distribution assumes independence between trials, which is a reasonable assumption when the sample size is small in relation to the population size.

As a General Rule of Thumb, If the Items Selected