GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the sample variance of a dataset of size 8 is 2.57, what is the population variance if considering the same dataset to be a population?
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2.57
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2.25
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1.60
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1.5
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Explanation:
Detailed explanation-1: -The population variance is the variance of the population. To calculate the population variance, use the formula 2=1NN∑i=1(xi−)2 2 = 1 N ∑ i = 1 N ( x i − ) 2 where N is the size of the population consisting of x1, x2, …
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