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In the case of a simple random sample without replacement from a finite population, what is the effect of ignoring the finite population correction factor
In the case of a simple random sample without replacement from a finite population, what is the effect of ignoring the finite population correction factor when calculating the variance of the sample mean? Response choices:
- A: The variance is overestimated
- B: The variance is underestimated
- C: The effect depends upon the value of the mean
- D: There is no effect
- E: The effect depends on the value of the coefficient of variation.
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