MEANING
An adjustment that reduces estimated sampling variance when sampling without replacement from a finite population, especially at a sizable sampling fraction.
Use it for
Sampling a large share of a finite population reduces sampling variance.Explain why a large sample fraction changes the uncertainty of a survey estimate.
Words that belong together
- apply a finite population correction
- sampling without replacement
- finite population correction factor
On the page
Because the sample covered a third of the roster, the analyst applied a finite population correction.
Nearby words
Word forms
- Base
- finite population correction
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Usage notes
The adjustment reflects dependence created by sampling without replacement; its importance grows as the sample approaches the population size.
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