An Unbiased Estimate of the Population Variance Can Be Obtained

question 147

True/False

An unbiased estimate of the population variance can be obtained by dividing the sample sum of squares by N - 1.

---

Definitions:

High-Grade Mineral

Minerals that contain a high percentage of a desired material, making them economically feasible to mine.

Economically Depleted

Refers to a condition where a resource has been exploited to the point where it is no longer profitable to extract or use.

Mineral Resource

Natural concentrations of minerals or, in some cases, organic material, that can be extracted and processed into useful products at a profit.

Diamonds

A hard, precious stone made of crystalline carbon, renowned for its brilliance and often used in jewelry.