In this video I answer the common question of why we divide by n-1 when calculating variance from a sample, known as Bessel’s Correction. I focus on conceptual understanding of why this adjustment is needed and why n-1 is the … Read More
In this video I answer the common question of why we divide by n-1 when calculating variance from a sample, known as Bessel’s Correction. I focus on conceptual understanding of why this adjustment is needed and why n-1 is the … Read More