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A random sample of 20 observations is selected from a normally distributed population. The sample variance is 12. In the 95% confidence interval for the population variance, the upper limit will be:
A) 6.940
B) 7.564
C) 22.536
D) 25.599
E) 27.392
Population Variance
The variance of a population data set, calculating the mean of the squared deviations from the mean of the data.
Confidence Interval
A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.
Sample Variance
A measure of variability that quantifies the spread of a sample data set; calculated as the sum of squared deviations from the sample mean, divided by the sample size minus one.
- Derive the population variance and standard deviation through confidence intervals gathered from empirical sample data.
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Learning Objectives
- Derive the population variance and standard deviation through confidence intervals gathered from empirical sample data.
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