Q. In the data set below, what is the variance?1,3,5,1,7,7If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Sum Squared Differences: Now, let's calculate the sum of the squared differences from the mean.Σ(xi−mean)2=(1−4)2+(3−4)2+(5−4)2+(1−4)2+(7−4)2+(7−4)2Σ(xi−mean)2=(−3)2+(−1)2+(1)2+(−3)2+(3)2+(3)2Σ(xi−mean)2=9+1+1+9+9+9Σ(xi−mean)2=38
Calculate Variance: Finally, we calculate the variance by dividing the sum of squared differences by the number of data points.Variance σ2 = NΣ(xi−mean)2Variance σ2 = 638Variance σ2 = 6.333...Rounded to the nearest tenth, Variance σ2≈6.3
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