find the unbiased and biased standard deviation and variance
find the unbiased and biased standard deviation, and variance for 31, 42, 35, 55, 54, 34, 25, 44, 35. (show all work)
Solution
Find the unbiased and biased standard deviation, and variance for 31, 42, 35, 55, 54, 34, 25, 44, 35.
N=9
Sum=355
Sum of squares=14833
biased variance = (14833-355*355/9)/9) =830.2222/9=92.25
biased SD= sqrt(92.25) =9.60
Unbiased variance = (14833-355*355/9)/8) =830.2222/8=103.78
Unbiased SD= sqrt(103.78) =10.19
