


Bessel's correction help
Hi all, I'm trying to get an intuitive understanding of Bessel's correction from a "estimation bias correction" perspective as I find the degrees of freedom approach un-intuitive for me. (For context of the rigor level this is for the CFA Level 1, but I just want to understand the approach to better memorize the formula). I unfortunately was not able to make it "click" with reading other posts of Bessel's correction but did find the video below which I used to try to make sense of it along with chatgpt.
https://www.youtube.com/watch?v=ke8nSbXUJjQ&list=LL&index=1&t=634s
Does the way I did it in the attached make sense?
(Also I am quite new to this community - please kindly let me know if I should post to another thread. THANK YOU!!!)