sample mean is x=(1/n)∑Xi =52.08/15=3.472
The sample variance is given as,
s2=(1/(n-1))∑(Xi−x)2=0.000966/14=0.000069
confidence level, 1-α =99%=0.99
degrees of freedom
df=14
χ2= 4.66
A 99% upper confidence bound for the variance is found as follows:
σ2<(n−1)s2/χ2,
σ2<(14)0.000069/4.66;σ2<0.0002073; σ<0.0144
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