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How does the computation of a sample variance differ from the computation of a population variance?Notice that there's only one tiny difference between the two formulas: What is this? When we calculate population variance, we divide by N (the population size). When we calculate sample variance, we divide by n-1 (the sample size – 1).
What is the difference between the population and sample variance formula?Summary: Population variance refers to the value of variance that is calculated from population data, and sample variance is the variance calculated from sample data. Due to this value of denominator in the formula for variance in case of sample data is 'n-1', and it is 'n' for population data.
Which statement best describes the difference between the formula for population and sample variance quizlet?Which statement best describes the difference between the formula for Population and Sample variance? For the sample variance, dividing by n-1 corrects a tendency to underestimate population variance. The sample variance measures deviations from the sample mean, whereas the population variance uses the population mean.
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