Easy -1.2 This is a straightforward application of standard formulas for unbiased estimates of mean and variance. It requires only direct substitution into memorized formulas (mean = Σv/n, variance = Σv²/(n-1) - n(mean)²/(n-1)) with no problem-solving, conceptual understanding, or multi-step reasoning required.
The results of 14 observations of a random variable \(V\) are summarised by
$$n = 14, \quad \sum v = 3752, \quad \sum v^2 = 1007448.$$
Calculate unbiased estimates of E\((V)\) and Var\((V)\). [4]
The results of 14 observations of a random variable $V$ are summarised by
$$n = 14, \quad \sum v = 3752, \quad \sum v^2 = 1007448.$$
Calculate unbiased estimates of E$(V)$ and Var$(V)$. [4]
\hfill \mbox{\textit{OCR S2 2016 Q1 [4]}}