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Confidence Intervals for Population Variance quiz
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What distribution is used to build confidence intervals for population variance?
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What distribution is used to build confidence intervals for population variance?
The chi-square distribution is used to build confidence intervals for population variance.
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What distribution is used to build confidence intervals for population variance?
The chi-square distribution is used to build confidence intervals for population variance.
What is the point estimate when constructing a confidence interval for variance?
The point estimate is the sample variance, denoted as s^2.
How do you calculate the degrees of freedom for a confidence interval for variance?
Degrees of freedom are calculated as n - 1, where n is the sample size.
What are the critical values needed from the chi-square distribution to build the interval?
You need two critical values: chi-square right (χ²r) and chi-square left (χ²l).
How do you find the alpha value for a 90% confidence interval?
Alpha is found by subtracting the confidence level from 1, so alpha = 1 - 0.9 = 0.1.
What values do you use to look up the critical values in the chi-square table?
You use alpha/2 and 1 - alpha/2 along with the degrees of freedom to look up the critical values.
What is the formula for the lower bound of the confidence interval for variance?
Lower bound = (n-1)s^2 / χ²r.
What is the formula for the upper bound of the confidence interval for variance?
Upper bound = (n-1)s^2 / χ²l.
Why does the higher chi-square critical value go in the denominator for the lower bound?
Using the higher chi-square value in the denominator results in a smaller lower bound.
What assumption must be met to use this method for confidence intervals for variance?
The sample must come from a normally distributed population.
How do you express the confidence interval for variance in bracket notation?
You write the interval as [lower bound, upper bound].
How do you construct a confidence interval for standard deviation from the variance interval?
Take the square root of both the lower and upper bounds of the variance interval.
What sample statistics are needed to build the confidence interval for variance?
You need the sample size (n) and the sample variance (s^2).
What does a 90% confidence interval for variance mean in practical terms?
It means you are 90% certain the true population variance lies within the calculated interval.
What is the main difference between confidence intervals for means and for variance?
Confidence intervals for variance use the chi-square distribution and do not use a margin of error equation.