Question-42
Variance
If the sample variance of a data of size \(10\) is \(23\), then what is the population variance of this data\(?\)
Hint
Sample variance, \(s^2 = \dfrac{\sum_{i=1}^n(x_i - \bar{x})^2}{n-1}\) and
Population variance, \(\sigma^2 = \dfrac{\sum_{i=1}^n(x_i - \bar{x})^2}{n}\)
Find the relation between \(s^2\) and \(\sigma^2\) by using the above formula and calculate the value of population variance.
Answer
Solution