Answer to Question #163053 in Statistics and Probability for Sunny

Question

If a sample of size 38 is collected from finite population of 600, then the finite population correction factor is equal to

Answer 1

Let finite population correction be FPC

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

N= 600 and n = 38

$pfc=\sqrt{\frac{600-38}{600-1}}$

$pfc=\sqrt{\frac{562}{599}}$

$fpc = 0.9686$