Why Divide by n 1? Let a population consist of the values 2 min, 3 min,
Question:
(These are departure delay times taken from American Airlines flights from New York’s JFK airport to Los Angeles. See Data Set 15 in Appendix: Data Sets.) Assume that samples of two values are randomly selected with replacement from this population. (That is, a selected value is replaced before the second selection is made.)
a. Find the variance s2 of the population {2 min, 3 min, 8 min}.
b. After listing the nine different possible samples of two values selected with replacement, find the sample variance s 2 (which includes division by n - 1) for each of them; then find the mean of the nine sample variances s2.
c. For each of the nine different possible samples of two values selected with replacement, find the variance by treating each sample as if it is a population (using the formula for population variance, which includes division by n), then find the mean of those nine population variances.
d. Which approach results in values that are better estimates of s2 : part
(b) or part (c)? Why?
When computing variances of samples, should you use division by n or n - 1 ?
e. The preceding parts show that s 2 is an unbiased estimator of s2. Is s an unbiased estimator of s ? Explain.
Step by Step Answer:
Elementary Statistics Using Excel Pearson New
ISBN: 978-1292041766
5th Edition
Authors: Mario F Triola