Asked by Paula

the percentage rates of home ownership for 8 randomly selected states are listed below. Estimate the population variance and standard deviation for the percentage rate of home ownership with 99% confidence.
66.0 75.8 70.9 73.9 63.4 68.5 73.3 65.9

Answered by PsyDAG
Find the mean first = sum of scores/number of scores

Subtract each of the scores from the mean and square each difference. Find the sum of these squares. Divide that by the number of scores to get variance.

Standard deviation = square root of variance

99% = mean ± 2.575 SD

I'll let you do the calculations.
Answered by jo
32
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