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.
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.
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.