The factor multiplies the VARIANCE; the standard error carries its square root, returned separately because that is the one that gets misapplied.
Details
Formula: f = n/N; fpc = (N - n)/N = 1 - f; V(ybar) = (1 - f) S^2 / n, se scales by sqrt(1 - f)
References
Cochran (1977), Sampling Techniques, 3rd edition, Chapter 2, where V(ybar) = (S^2/n)(N - n)/N for simple random sampling without replacement. Cross-checked against the reference implementation in the CRAN package samplingbook 1.2.4, whose Smean uses the variance (N - n)/N * (1/(n(n-1))) sum (y - ybar)^2.
