posted by Paula on .
the percentage rates of home ownership for 8 randomdomly selected states are listed below. Estimate the population variance and standard deviation for the percentage rate of home ownership with 99% confidence.
66.0 75.8 70.9 73.9 63.4 68.5 73.3 65.9
Find the mean first = sum of scores/number of scores
Subtract each of the scores from the mean and square each difference. Find the sum of these squares. Divide that by the number of scores to get variance.
Standard deviation = square root of variance
99% = mean ± 2.575 SEm
SEm = SD/√n
I'll let you do the calculations.