As a general rule in computing the standard error of the sample mean, the finite population correction factor is used only if the:
A. sample size is smaller than 5% of the population size.
B. sample size is greater than 5% of the sample size.
C. sample size is more than half of the population size.
D. None of these choices.
Analysis:
A. Incorrect. The correction factor is used only if the sample size is greater than 5% of the sample size.
B. Correct. The correction factor is used only if the sample size is greater than 5% of the sample size.
C. Incorrect. The correction factor is used only if the sample size is greater than 5% of the sample size.
D. Incorrect. The correction factor is used only if the sample size is greater than 5% of the sample size.
ANSWER : B
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