Question: Please watch clip to answer question. https://www.khanacademy.org/math/ap-statistics/summarizing-quantitative-data-ap/more-standard-deviation/v/another-simulation-giving-evidence-that-n-1-gives-us-an-unbiased-estimate-of-variance The sample variance (sigma hat squared) is formulated as the sum of squared distances between actual value and
Please watch clip to answer question.
https://www.khanacademy.org/math/ap-statistics/summarizing-quantitative-data-ap/more-standard-deviation/v/another-simulation-giving-evidence-that-n-1-gives-us-an-unbiased-estimate-of-variance
The sample variance ("sigma hat squared) is formulated as the sum of squared distances between actual value and sample mean divided by sample size minus 1. Based on the class discussion, why did statisticians decide that it is best to divide by "n-1" in the formula for sample variance?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
