Question

Evaluate the value of the finite population correction factor when a sample of size 10
drawn from the population having size 100.

Answer 1

Formula for finite population correction factor is given by,

$fpc = \sqrt{\frac{N-n}{N-1}}$

where,

sample size n = 10

population size N = 100

Hence,

$fpc = \sqrt{\frac{100-10}{100-1}} = \sqrt\frac{90}{99} = 0.95346$