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Unformatted text preview: 4. The circumstances under which the finite population correction factor should be
used (see formula on slide).
In general, when the sample size will represent more than 5-10% of the population,
the calculated sample size should be reduced by the finite population correction
factor. 5. Four methods of determining sample size for a project.
Using a statistical approach in which the desired levels of confidence and
precision, as well as the estimated variability of the characteristic in the
population, are taken into account.
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This note was uploaded on 02/13/2014 for the course BMKT 312 taught by Professor Surajcommuri during the Fall '13 term at SUNY Albany.
- Fall '13