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The grades of a sample of 5 students,selected from a large population,are given below.
a.Determine a point estimate for the variance of the population.
b.Determine a 95% confidence interval for the variance of the population.
c.At 90% confidence,test to determine if the variance of the population is less than or equal to 50.
Quota Sampling
A sampling method that involves gathering representative data from a group, ensuring that subgroups (quotas) are represented proportionally to their presence in the population.
Respondents
Individuals who answer or reply to questions, especially in the context of surveys or research.
Generations
Groups of individuals categorically divided based on their birth years, sharing similar social, cultural, political, and economic influences.
Big Data
Large volumes of data that can be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
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