Use the Following to Answer Questions

question 44

Short Answer

Use the following to answer questions :
A random sample of 16 elements selected from a population produced a variance equal to 7.954.Assume that the population is normally distributed.
-Based on this sample,the 99% confidence interval for the population variance,rounded to three decimal places,is:

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Definitions:

Forecast Value

The estimated or predicted value of a variable or set of variables at some point in the future.

Mean Square Error

A measure of the average of the squares of the errors—that is, the average squared difference between the estimated values and the actual value.

Sales Details

Specific information regarding the transactions, quantities, prices, and conditions under which sales activities occur.

Value of K

Often refers to a constant in various contexts, such as a specific parameter value in a mathematical formula or algorithm.