Question: The 10 economic forecasters of a random sample were asked to forecast the rate of growth of the real gross national product (GNP) for the

The 10 economic forecasters of a random sample were asked to forecast the rate of growth of the real gross national product (GNP) for the coming year. Suppose the probability distribution of the r.v.-forecast-is normal.
a. The probability is 0.10 that the sample variance of the forecast is more than X percent of the population variance. What is the value of X?
b. If the probability is 0.95 so that the sample variance is between X and y per-cent of the population variance, what will be the values of X and Y?

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a We want P S 2 2 X 010 That is Pn 1 S 2 2 n 1X 010 From the x 2 table we find that for ... View full answer

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