Verify that the sample variance is 1.25

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For a sample of n subjects, the relative frequencies are f0/n = .2, f1/n = .4, f2/n = .2, f3/n = .15, and f4/n = .05. The sample mean is 1.45. Using your answer to given Exercise, verify that the sample variance is 1.25.

Exercise

Referring to the description of the population variance, σ2, devise a method of estimating σ2 based on the frequencies, fx.

Reference no: EM131398405

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