Question

Compared to situations where the population is either infinite or very large compared to the sample size, what effect will the finite population correction tend to have on a. the width of a confidence interval?

b. the required size of a sample?

Solution

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Answered 11 months ago
Answered 11 months ago

When using a sample without replacement from a finite population, the required sample size will be at least 5%5\% of the population size when using the rule finite population correction. This is because the finite population correction term will be used if the sample is at least 5%5\% of the population.

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