The following are the prices (in dollars) of the same brand of camcorder found
at eight stores in Los Angeles. \(\begin{array}{llllllll}568 & 628 & 602 & 642
& 550 & 688 & 615 & 604\end{array}\)
A. Using the formula from Chapter 3 , find the sample variance, \(s^{2}\), for
these data.
b. Make the \(95 \%\) confidence intervals for the population variance and
standard deviation. Assume that the prices of this camcorder at all stores in
Los Angeles follow a normal distribution.
c. Test at the \(5 \%\) significance level whether the population variance is
different from 750 square dollars.