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Calculate the finite population correction factor for each

of the following situations:

a. n = 50, N = 2,000

b. n = 20, N = 100

c. n = 300, N = 1,500

Short Answer

Expert verified

a.0.9876

b. 0.8989

c. 0.8947

Step by step solution

01

Defining the finite population correction factor

Let,

N=Size of the total population

n=Size of the sample taken from the population

Then, Finite Population Correction Factor FPCF is:

N-nN-1

02

Calculating the subpart a.

Here, n = 50, N = 2,000

Therefore, Finite Population Correction Factor FPCF is:

N-nN-1=2000-502000-1=0.9876

Therefore, the answer is 0.9876.

03

Calculating the subpart b.

Here, n = 20, N = 100

Therefore, the Finite Population Correction Factor FPCF is:

N-nN-1=100-20100-1=0.8989

Therefore, the answer is 0.8989.

04

Calculating the subpart c.

Here, n = 300, N = 1500

Therefore, the Finite Population Correction Factor FPCF is:

N-nN-1=1500-3001500-1=0.8947

Therefore, the answer is 0.8947.

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