A population has 10 items and a sample has been selected from it containing 5 items. Find the finite population correction factor.
A population has 10 items and a sample has been selected from it containing 5 items. Find the finite population correction factor. Correct Answer (5/9)1/2
The population correction factor is given by (N-n/N-1)1/2. Here N = 10 and n = 5 (N-n/N-1)1/2 (10-5/10-1)1/2 (5/9)1/2 which gives the value of correction factor as (5/9)1/2.