Math Problem Statement

The waiting times​ (in minutes) of a random sample of 22 people at a bank have a sample standard deviation of 3.4 minutes. Construct a confidence interval for the population variance sigma squared and the population standard deviation sigma. Use a 95 % level of confidence. Assume the sample is from a normally distributed population. Question content area bottom Part 1 What is the confidence interval for the population variance sigma squared​? ​(    enter your response here​,    enter your response here​) ​(Round to one decimal place as​ needed.)

Solution

To construct the confidence interval for the population variance σ2\sigma^2, we can use the chi-square distribution. The formula for the confidence interval for the population variance is given by:

((n1)s2χα/22,(n1)s2χ1α/22)\left( \frac{(n - 1) \cdot s^2}{\chi^2_{\alpha/2}}, \frac{(n - 1) \cdot s^2}{\chi^2_{1 - \alpha/2}} \right)

Where:

  • nn is the sample size (22 in this case),
  • s2s^2 is the sample variance (the square of the sample standard deviation),
  • α\alpha is the level of significance (for a 95% confidence interval, α=0.05\alpha = 0.05),
  • χα/22\chi^2_{\alpha/2} and χ1α/22\chi^2_{1 - \alpha/2} are the critical values from the chi-square distribution for n1n - 1 degrees of freedom.

Step 1: Find the sample variance

The

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Math Problem Analysis

Mathematical Concepts

Statistics
Chi-Square Distribution
Confidence Interval
Population Variance
Sample Standard Deviation

Formulas

Confidence Interval for Population Variance: ( (n-1) * s^2 / chi-squared(α/2), (n-1) * s^2 / chi-squared(1-α/2) )

Theorems

Chi-Square Distribution for Confidence Intervals

Suitable Grade Level

Grades 11-12