In: Statistics and Probability
Find the confidence level associated to the confidence interval extending from 3.64 to 54.25 for the population variance of a Normally distributed random variable X if a sample of 8 observations has a standard deviation of 3.1. Answer?
given data are:-
sample sd (s) = 3.1
sample size (n) = 8
let, we are using c % confidence level, and = (1-c).
the chi square critical value for , df= 7, both tailed test be:-
the c% confidence interval for population variance is:-
according to the problem:-
[ in any blank cell of excel type =CHISQ.DIST(18.480769,7,TRUE)]
the confidence level (c) is = (1-) = (1-0.02) = 0.98 = 98%
the confidence level associated to the confidence interval is = 98%
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