Solved

A New-Car Dealer Is Leasing Various Brand-New Randomly Selected Models 16.46<σ2<159.1016.46 < \sigma ^ { 2 } < 159.10

Question 105

Multiple Choice

A new-car dealer is leasing various brand-new randomly selected models for the monthly rates (in dollars) listed below. Estimate the true population variance (and standard deviation) in leasing
Rates with 90% confidence. Assume the variable is normally distributed.
165 173 200 241 241 245


A) 16.46<σ2<159.1016.46 < \sigma ^ { 2 } < 159.10
4.06<σ<12.614.06 < \sigma < 12.61

B) 599.53<σ2<5796.37599.53 < \sigma ^ { 2 } < 5796.37
24.49<σ<76.1324.49 < \sigma < 76.13

C) 19.75<σ2<190.9219.75 < \sigma ^ { 2 } < 190.92
4.44<σ<13.824.44 < \sigma < 13.82

D) 719.44<σ2<6955.64719.44 < \sigma ^ { 2 } < 6955.64
26.82<σ<83.4026.82 < \sigma < 83.40

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents