/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 2 A random sample of \(n=15\) obse... [FREE SOLUTION] | 91Ó°ÊÓ

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A random sample of \(n=15\) observations was selected from a normal population. The sample mean and variance were \(\bar{x}=3.91\) and \(s^{2}=.3214 .\) Find a \(90 \%\) confidence interval for the population variance \(\sigma^{2}\).

Short Answer

Expert verified
Answer: The 90% confidence interval for the population variance is (0.2004, 0.7698).

Step by step solution

01

Identify the given values

In this problem, we are given: - Sample size (\(n\)): 15 - Sample mean (\(\bar{x}\)): 3.91 - Sample variance (\(s^2\)): 0.3214
02

Find the degrees of freedom

The degrees of freedom for a chi-square distribution is equal to the sample size minus 1: $$df = n - 1$$ Substituting the given values: $$df = 15 - 1 = 14$$
03

Find the critical chi-square values

The confidence level is given as 90%. Therefore, we need to find the critical chi-square values at the lower and upper limits of the 90% confidence interval. From the chi-square table, we can find these values for 14 degrees of freedom: - \(χ_{1-0.45}^2\): 22.362 - \(χ_{0.95}^2\): 6.571
04

Calculate the confidence interval for the variance

The confidence interval for the population variance can be calculated using the following formula: $$\left(\frac{(n-1)s^2}{χ_{1-α/2}^2}, \frac{(n-1)s^2}{χ_{α/2}^2}\right)$$ Where: - \(n\) is the sample size, - \(s^2\) is the sample variance, - \(α\) is the significance level, and - \(χ_{1-α/2}^2\) and \(χ_{α/2}^2\) are the critical chi-square values. We can plug in the given values and the critical chi-square values from Step 3: $$\text{Confidence interval for } σ^2 = \left(\frac{(15 - 1)(0.3214)}{22.362}, \frac{(15 - 1)(0.3214)}{6.571}\right)$$
05

Calculate the confidence interval

Perform the calculations in the confidence interval formula: $$\text{Confidence interval for } σ^2 = \left(\frac{14(0.3214)}{22.362}, \frac{14(0.3214)}{6.571}\right) = (0.2004, 0.7698)$$ So, the 90% confidence interval for the population variance is (0.2004, 0.7698).

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