Confidence interval for a population variance:

1. In what situation would this procedure be appropriate? Need one example of a business situation for which this procedure would be appropriate.I need a realistic example and where data would really help in making a business decision.
2. What kind of data are required for this procedure? What are your elements? What is, or are, your variables? What are you going to measure? What level of measurement is required? How would you collect or obtain this data? (e.g., field data or experiment.) What steps would you take to ensure that the sample is a probability sample? Does your example involve different treatments? Matching samples? How much data would you want to collect?
3. What are the assumptions of the statistical procedure?
4. As appropriate, comment on whether the statistical procedure would be upper-tailed, lower-tailed, or non-directional. What do you consider an appropriate margin of error? What level of statistical significance did you specify and why?