The Best Point Estimate for the Standard Deviation of a Population

question 20

Multiple Choice

The best point estimate for the standard deviation of a population is

• A) The standard deviation of the sample.
• B) The variance of the population.
• C) The variance of the sample. D)
• \(\frac { ( n - 1 ) s ^ { 2 } } { \sigma ^ { 2 } }\)

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Definitions:

Proportion

A mathematical concept that denotes a part, share, or number considered in comparative relation to a whole.

Dow Jones Industrial Index

A stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Currency Cross Rates

These are exchange rates between two currencies, neither of which is the domestic currency of the country where the quote is given.

CPI

The Consumer Price Index is a gauge that determines the composite weighted pricing of various consumer products and services, which encompass medical care, food, and transportation.