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The point estimate of the population standard deviation for the random sample 5, 8, 10, 7, 10, 14 is:

Solution

Correct Option: 3

The point estimate of the population standard deviation is the sample standard deviation ss, calculated using n1n-1 in the denominator.

Given sample: 5, 8, 10, 7, 10, 14

Number of values: n=6n = 6


Finding the mean:

x=5+8+10+7+10+146\overline{x} = \dfrac{5 + 8 + 10 + 7 + 10 + 14}{6}

x=546\overline{x} = \dfrac{54}{6}

x=9\overline{x} = 9


Finding the squared differences from the mean:

Value (x)(x)x9x - 9(x9)2(x - 9)^2
5-416
8-11
10+11
7-24
10+11
14+525

Sum of squared differences: 16+1+1+4+1+25=4816 + 1 + 1 + 4 + 1 + 25 = 48


Calculating sample variance:

s2=48n1s^2 = \dfrac{48}{n-1}

s2=485s^2 = \dfrac{48}{5}

s2=9.6s^2 = 9.6


Calculating sample standard deviation:

s=9.6s = \sqrt{9.6}

s=3.098...s = 3.098...

s3.1s \approx 3.1

Therefore, the point estimate of the population standard deviation is 3.13.1.

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