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The prices of a random sample of 24 new motorcycles have a sample standard deviation of...

The prices of a random sample of 24 new motorcycles have a sample standard deviation of $3738.

Assume the sample is from a normally distributed population. Construct a confidence interval for the population variance

sigma squaredσ2 and the population standard deviation sigmaσ. Use a 99% level of confidence. Interpret the results.

Math   Statistics-And-Probability   
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