Finite population variance
= Finite population variance
{title2=$S^2=(N-1)^{-1}\sum_i(y_i-\bar Y)^2$}
For $N>1$, the <finite population variance> measures spread about the <finite population mean>. Survey-sampling formulas commonly use denominator $N-1$; the denominator-$N$ version is $\sigma_N^2=(N-1)S^2/N$. The normalization must be specified when using a <finite population correction>.