Estimate the population standard deviation


John calipari, head basketball coach for the 2012 national champion University of Kentucky Wildcats, is th ehighest paid coach in college basketball with an annual salary of $5.4 million. The sample below shows the head basketball coach's salary for a sample of ten schools playing NCAA Division I basketball. Salary Data are in millions of dollars.

  

University

  
  

Coach's Salary

  
  

University

  
  

Coach's Salary

  
  

Indiana

  
  

2.2

  
  

Syracuse

  
  

1.5

  
  

Xavier

  
  

.5

  
  

Murray State

  
  

.2

  
  

Texas

  
  

2.4

  
  

Florida State

  
  

1.5

  
  

Connecticut

  
  

2.7

  
  

South Dakota State

  
  

.1

  
  

West Virginia

  
  

2.0

  
  

Vermont

  
  

.2

  

a. Use the sample mean for the 10 Schools to estimate the population meanannual salary for head basketball coaches at colleges ans universities playing NCAA Division I basketbal.

b. Use the data to estimate the population standard deviation for the annual salary for head basketball coaches.

c. What is the 95% confidence interval for the population variance?

d. What is the 95% confidence interval for the populaton standard deviation.

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Basic Statistics: Estimate the population standard deviation
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