Answer to Question #187347 in Statistics and Probability for mojes

Question

What is the value of the finite population correction factor in the formula for o when

n=100 and N = 5000.

Answer 1

Formula for finite population correction factor is given by,

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

where,

sample size n = 100

population size N = 5000

Hence,

$fpc = \sqrt{\frac{5000-100}{5000-1}} = \sqrt\frac{4900}{4999} = 0.99004$