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The variance is: $$\dfrac{\sum_{i=1}^{n}(x_i-\bar x)^2}{n-1}$$

I read that $n-1$ is used instead of just $n$ when we are measuring the variance of a sample taken from a bigger population. I don't understand why we're subtracting $1$.

Thank you.

Emi Matro
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1 Answers1

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A similar way of saying it. Divide by $n$ to compute the variance of your random sample. Divide by $n-1$ to use your sample to compute an estimate for the variance of the population.

GEdgar
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