A. ($4.31, $7.93) with xt B. ($4.27, $7.78) with xỉ = 19.286 and x = 64.181 C. ($1.82, $3.34) with xỉ = 18.586 and x = 62.833 %3D O60 and v? = 59.893 %3D

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**Exercise: Constructing a Confidence Interval for Population Standard Deviation**

Buck randomly selects 38 basketball shoes from the Shoe Warehouse and finds the mean price to be $66.88 with a standard deviation of $5.62.

Construct a 99% confidence interval for the population standard deviation σ, and find the χ² values used in the calculation.

**Options:**

A. $(4.31, 7.93)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833

B. $(4.27, 7.78)$ with χ²ₗ = 19.286 and χ²ᵣ = 64.181

C. $(1.82, 3.34)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833

D. $(4.27, 7.78)$ with χ²ₗ = 19.960 and χ²ᵣ = 59.893

E. $(18.58, 62.88)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833
Transcribed Image Text:**Exercise: Constructing a Confidence Interval for Population Standard Deviation** Buck randomly selects 38 basketball shoes from the Shoe Warehouse and finds the mean price to be $66.88 with a standard deviation of $5.62. Construct a 99% confidence interval for the population standard deviation σ, and find the χ² values used in the calculation. **Options:** A. $(4.31, 7.93)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833 B. $(4.27, 7.78)$ with χ²ₗ = 19.286 and χ²ᵣ = 64.181 C. $(1.82, 3.34)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833 D. $(4.27, 7.78)$ with χ²ₗ = 19.960 and χ²ᵣ = 59.893 E. $(18.58, 62.88)$ with χ²ₗ = 18.586 and χ²ᵣ = 62.833
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Confidence interval for Standard deviation is given by:

 

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