The monthly incomes of 13 randomly selected individuals who have recently graduated with a bachelors degree in
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Question:
The monthly incomes of 13 randomly selected individuals who have recently graduated with a bachelor’s degree in economics have a sample standard deviation of $327. Construct a confidence interval for the population variance σ 2 and the population standard deviation σ. Use a 95% level of confidence. Assume the sample is from a normally distributed population.
What is the confidence interval for the population variance σ 2 ?
What is the confidence interval for the population standard deviation α?
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0134683416
7th edition
Authors: Ron Larson, Betsy Farber
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