The Difference Between the Sample Variance and the Variance Estimate

question 53

Multiple Choice

The difference between the sample variance and the variance estimate is that the variance estimate _____:

• A)underestimates the population variance
• B)is computed with N-1 in the denominator
• C)is computed with the degrees of freedom in the denominator
• D)both b and c

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Definitions:

Clearly And Concisely

Expressing ideas or information in a straightforward and brief manner without losing clarity.

Accounting Improprieties

Actions or practices that deviate from accepted accounting practices and principles, often intended to manipulate financial statements.

Financial Targets

Specific goals set by a business related to financial performance measures, such as revenue, profit margins, or return on investment.

Audit Procedures

Actions taken by auditors to gather evidence regarding the accuracy, completeness, and validity of a company’s financial records and statements.