In: Statistics and Probability
The annual earnings of 14 randomly selected computer software engineers have a sample standard deviation of $3629.Assume the sample is from a normally distributed population. Construct a confidence interval for the population variance sigma squaredσ2 and the population standard deviation sigmaσ. Use a 95% level of confidence. Interpret the results.
We are 95% confident that the true proportion variance and the true population SD lie in the above Intervals.
Note: Chi square values are from the chi square distribution tables.