Home Ownership Rates The percentage rates of home ownership for 7  randomly selected states are listed below. Estimate the population variance and standard deviation for the percentage rate of home ownership with  90%  confidence. Round the sample variance and the final answers to two decimal places.   69.4 73.7 73.8 69.4 74.5 60.1 67.6 ___<σ2<___   __<σ<___

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.