In: Statistics and Probability
The lifetimes of inexpensive wristwatches of a sample of 21 watches has a standard deviation of 4.9 months. Assume the variable is normally distributed. Use the chi−square distribution table to find any chi−square values to three decimal places. Round your final answers to one decimal place. Part 1 out of 2 Find the 80% confidence interval for the variance and standard deviation.
Solution :
Given that,
n = 21
2R = 2/2,df = 28.412
2L = 21 - /2,df = 12.443
The 80% confidence interval for variance is,
(n - 1)s2 / 2/2 < 2 < (n - 1)s2 / 21 - /2
20 * 24.01 / 28.412 < 2 < 20 * 24.01 / 12.443
16.9013 < 2 < 38.5932
(16.9013 , 38.5932)
The 80% confidence interval for standard deviation is: (4.1111 , 6.2123)