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Question 32, 6.4.23-T
HW Score: 86.46%,27.67 of 32 points
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The waiting times (in minutes) of a random sample of 22 people at a bank have a sample standard deviation of 4.6 minutes. Construct a confidence interval for the population variance σ2 and the population standard deviation σ. Use a 90% level of confidence. Assume the sample is from a normally distributed population.

What is the confidence interval for the population variance σ2 ?
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Final Answer: The confidence interval for the population variance σ2 is [13.6,38.3].

Steps

Step 1 :Given values are: sample size n=22, sample standard deviation s=4.6, and level of significance α=0.10.

Step 2 :First, calculate the sample variance s2=s2=21.16.

Step 3 :Next, calculate the critical values from the Chi-Square distribution. The lower critical value χlower2=11.59 and the upper critical value χupper2=32.67.

Step 4 :Substitute these values into the formula to get the confidence interval for the population variance. The lower confidence interval CIlower=13.60 and the upper confidence interval CIupper=38.34.

Step 5 :The confidence interval for the population variance σ2 is between 13.6 and 38.3. This means that we are 90% confident that the true population variance lies within this interval.

Step 6 :Final Answer: The confidence interval for the population variance σ2 is [13.6,38.3].

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