Given a sample
of
observations, their unadjusted sample variance
is:
where
is their sample
mean:
When the
observations are independent, the unadjusted sample variance is a biased
estimator of the population variance. The adjusted sample
variance
is
instead an unbiased estimator of the population variance.
Go to the lecture entitled Variance estimation for more details and explanations about the concept of unadjusted sample variance.
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