Home Ownership Rates The percentage rates of home

Chapter 7, Problem 12

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Home Ownership Rates The percentage rates of home ownership for 8 randomly selected states are listed below. Estimate the population variance and standard deviation for the percentage rate of home ownership with 99% confidence.

\(\begin{array}{llllllll}
66.0 & 75.8 & 70.9 & 73.9 & 63.4 & 68.5 & 73.3 & 65.9
\end{array}\)

Source: World Almanac.

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