Descriptive Statisticshard
0:00.0

Let xˉ\bar{x} be the sample mean of nn observations. If we add a new observation xn+1x_{n+1} such that xn+1=xˉx_{n+1} = \bar{x}, how does the new sample variance snew2s_{\text{new}}^2 (using the n1n-1 denominator) compare to the old sample variance sold2s_{\text{old}}^2?