A magazine includes a report on the energy costs per year for32-inch liquid crystal display (LCD) televisions. The article states that 14 randomly selected 32-inch LCD televisions have a sample standard deviation of $3.42 . Assume the sample is taken from a normally distributed population. Construct 98 % confidence intervals for (a) the population variance sigma squared and (b) the population standard deviation sigma . Interpret the results. (a) The confidence interval for the population variance is (___,___ ). (Round to two decimal places as needed.)
Interpret the results. Select the correct choice below and fill in the answer box(es) to complete your choice. (Round to two decimal places as needed.)
A. With 98 % confidence, you can say that the population variance is less than ___.
B. With 2 % confidence, you can say that the population variance is between nothing and ___ .
C. With 98 % confidence, you can say that the population variance is between ___ and ___ .
D. With 2 % confidence, you can say that the population variance is greater than ___
(b) The confidence interval for the population standard deviation is (n___,___). (Round to two decimal places asneeded.)
Interpret the results. Select the correct choice below and fill in the answer box(es) to complete your choice. (Round to two decimal places as needed.)
A. With 98% confidence, you can say that the population standard deviation is between ___ and ___ dollars per year.
B. With 98% confidence, you can say that the population standard deviation is greater than ___ dollars per year.
C. With 2% confidence, you can say that the population standard deviation is less than ___ dollars per year.
D. With 2% confidence, you can say that the population standard deviation is between ___ and ___ dollars per year.