A sample of 16 units has a variance of 4.84. Find a 99% Standard De
A sample of 16 units has a variance σ2 of 4.84. Find a 99% confidence interval of the standard deviation σ
Confidence Interval Formula for σ is as follows:
Square Root((n - 1)s2/χ2α/2) < σ < Square Root((n - 1)s2/χ21 - α/2) where:
(n - 1) = Degrees of Freedom, s2 = sample variance and α = 1 - Confidence Percentage
First find degrees of freedom:
Degrees of Freedom = n - 1
Degrees of Freedom = 16 - 1
Degrees of Freedom = 15
Calculate α:
α = 1 - confidence%
α = 1 - 0.99
α = 0.01
Find low end confidence interval value:
αlow end = α/2
αlow end = 0.01/2
αlow end = 0.005
Find low end χ2 value for 0.005
χ20.005 = 32.8015 <--- Value can be found on Excel using =CHIINV(0.005,15)
Calculate low end confidence interval total:
Low End = Square Root((n - 1)s2/χ2α/2)
Low End = √(15)(4.84)/32.8015)
Low End = √72.6/32.8015
Low End = √2.213313415545
Low End = 1.4877
Find high end confidence interval value:
αhigh end = 1 - α/2
αhigh end = 1 - 0.01/2
αhigh end = 0.995
Find high end χ2 value for 0.995
χ20.995 = 4.6009 <--- Value can be found on Excel using =CHIINV(0.995,15)
Calculate high end confidence interval total:
High End = Square Root((n - 1)s2/χ21 - α/2)
High End = √(15)(4.84)/4.6009)
High End = √72.6/4.6009
High End = √15.779521397987
High End = 3.9723
Now we have everything, display our interval answer:
1.4877 < σ < 3.9723 <---- This is our 99% confidence interval
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What this means is if we repeated experiments, the proportion of such intervals that contain σ would be 99%
What is the Answer?
1.4877 < σ < 3.9723 <---- This is our 99% confidence interval
How does the Confidence Interval for Variance and Standard Deviation Calculator work?
Free Confidence Interval for Variance and Standard Deviation Calculator - Calculates a (95% - 99%) estimation of confidence interval for the standard deviation or variance using the χ2 method with (n - 1) degrees of freedom.
This calculator has 3 inputs.
What 4 formulas are used for the Confidence Interval for Variance and Standard Deviation Calculator?
Degrees of Freedom = n - 1Square Root((n - 1)s2/χ2α/2) < σ < Square Root((n - 1)s2 / χ21 - α/2)
Square Root((n - 1)s2/χ2α/2) < σ2 < Square Root((n - 1)s2 / χ21 - α/2)
For more math formulas, check out our Formula Dossier
What 5 concepts are covered in the Confidence Interval for Variance and Standard Deviation Calculator?
- confidence interval
- a range of values so defined that there is a specified probability that the value of a parameter lies within it.
- confidence interval for variance and standard deviation
- a range of values that is likely to contain a population standard deviation or variance with a certain level of confidence
- degrees of freedom
- number of values in the final calculation of a statistic that are free to vary
- standard deviation
- a measure of the amount of variation or dispersion of a set of values. The square root of variance
- variance
- How far a set of random numbers are spead out from the mean