Q. In the data set below, what is the variance?1,5,5,4,6,3If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Sum of Squared Differences: Now, calculate the sum of the squared differences from the mean for each data point.Σ(xi−μ)2=(1−4)2+(5−4)2+(5−4)2+(4−4)2+(6−4)2+(3−4)2=(−3)2+(1)2+(1)2+(0)2+(2)2+(−1)2=9+1+1+0+4+1=16
Find Variance: Now, divide the sum of squared differences by the number of data points to find the variance.σ2=NΣ(xi−μ)2σ2=616σ2≈2.666...
Round to Nearest Tenth: Finally, round the variance to the nearest tenth. σ2≈2.7
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