## A sample of 5 buttons is randomly selected and the following diameters are measured in inches. Give a point estimate for the population vari

Question

A sample of 5 buttons is randomly selected and the following diameters are measured in inches. Give a point estimate for the population variance. Round your answer to three decimal places. 1.04,1.00,1.13,1.08,1.11

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2 months 2021-09-29T00:52:32+00:00 1 Answer 0 views 0

But we need to calculate the mean with the following formula:

And replacing we got:

And for the sample variance we have:

And thi is the best estimator for the population variance since is an unbiased estimator od the population variance

Step-by-step explanation:

For this case we have the following data:

1.04,1.00,1.13,1.08,1.11

And in order to estimate the population variance we can use the sample variance formula:

But we need to calculate the mean with the following formula:

And replacing we got:

And for the sample variance we have:

And thi is the best estimator for the population variance since is an unbiased estimator od the population variance