Answer to Question #302626 in Statistics and Probability for mae

Statistics and Probability

Question #302626

what is the factor given that the size of the population is 500 and samples of size 50 are drawn from this population

Expert's answer

Finite population correction factor: "f=\\sqrt{\\frac{N-n}{N-1}}=\\sqrt{\\frac{500-50}{500-1}}\\approx0.95."

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