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It is extremely important to carefully differentiate between:

Estimate of the variance of the stochastic quantity X:

5.2

Estimate of the variance of the estimate of the expectation value of

the stochastic quantity X:

(

)

2

2

1

1

( )

1

N

i

i

s X

X X

N

=

=

64

2

2

( )

s

s X

N

=

(

)

2

1

1

(

1)

N

i

i

X X

N N

=

=