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In the data set below, what is the variance?\newline1,7,4,7,91, 7, 4, 7, 9\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____

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Q. In the data set below, what is the variance?\newline1,7,4,7,91, 7, 4, 7, 9\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Sum of Squared Differences: Now, calculate the sum of the squared differences from the mean for each data point. Σ(xiμ)2=(15.6)2+(75.6)2+(45.6)2+(75.6)2+(95.6)2\Sigma(x_i - \mu)^2 = (1 - 5.6)^2 + (7 - 5.6)^2 + (4 - 5.6)^2 + (7 - 5.6)^2 + (9 - 5.6)^2 = (4.6)2+(1.4)2+(1.6)2+(1.4)2+(3.4)2(-4.6)^2 + (1.4)^2 + (-1.6)^2 + (1.4)^2 + (3.4)^2 = 21.16+1.96+2.56+1.96+11.5621.16 + 1.96 + 2.56 + 1.96 + 11.56 = 39.239.2
  2. Find Variance: Finally, divide the sum of squared differences by the number of data points to find the variance.\newlineσ2=Σ(xiμ)2N\sigma^2 = \frac{\Sigma(x_i - \mu)^2}{N}\newlineσ2=39.25\sigma^2 = \frac{39.2}{5}\newlineσ2=7.84\sigma^2 = 7.84\newlineRound the variance to the nearest tenth.\newlineσ27.8\sigma^2 \approx 7.8

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