PRC-2 · Chapter 12 · Question 53 of 55
In probability sampling, if 'sampling without replacement' is used on a small, finite population, we must mathematically apply the:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Finite Population Multiplier (Correction Factor)
Explanation
When the sample represents a large portion of a small population (typically >5%), the standard error must be adjusted using the finite population correction factor [ √((N-n)/(N-1)) ].
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