Trent Carpenter
2021-01-15
Asma Vang
Skilled2021-01-16Added 93 answers
Step a
Solution: The 99% confidence interval for the population variance must be built. The following details concerning sample variation and sample size have been sent to us:
Step b
The critical values for and degrees of freedom are and . The corresponding confidence interval is computed as shown below:
Now that we have the upper and lower bounds of the confidence interval, we can easily calculate the lower and upper bounds of the 99% confidence interval for the population standard deviation by taking the square root of the upper and lower bounds of the confidence interval for variance.
CI(Standard Deviation) The 99% confidence range for the population variance, then, based on the presented data, is, and the 99% confidence interval for the population standard deviation is .
Step 3 A population variance index (CI) (674.17 , 3800.57) Population standard deviation coefficient ( 25.96 , 61.65)
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