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In the data set below, what is the variance?\newline3,3,7,2,1,7,53, 3, 7, 2, 1, 7, 5\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?\newline3,3,7,2,1,7,53, 3, 7, 2, 1, 7, 5\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Mean: Calculate the mean of the data set.\newlinequestion_prompt: What is the variance of the given data set?\newlineTo find the variance, we first need to calculate the mean (average) of the data set.\newlineMean μ=3+3+7+2+1+7+57\mu = \frac{3 + 3 + 7 + 2 + 1 + 7 + 5}{7}\newlineμ=287\mu = \frac{28}{7}\newlineμ=4\mu = 4
  2. Calculate Squared Differences: Calculate the squared differences from the mean for each data point.\newlineNow that we have the mean, we calculate the squared differences from the mean for each data point.\newline(34)2+(34)2+(74)2+(24)2+(14)2+(74)2+(54)2(3 - 4)^2 + (3 - 4)^2 + (7 - 4)^2 + (2 - 4)^2 + (1 - 4)^2 + (7 - 4)^2 + (5 - 4)^2\newline=(1)2+(1)2+(3)2+(2)2+(3)2+(3)2+(1)2= (-1)^2 + (-1)^2 + (3)^2 + (-2)^2 + (-3)^2 + (3)^2 + (1)^2\newline=1+1+9+4+9+9+1= 1 + 1 + 9 + 4 + 9 + 9 + 1\newline=34= 34
  3. Find Variance: Divide the sum of squared differences by the number of data points to find the variance.\newlineWe have the sum of the squared differences, which is 3434. To find the variance, we divide this sum by the number of data points, NN, which is 77.\newlineσ2=Σ(xiμ)2N\sigma^2 = \frac{\Sigma(x_i - \mu)^2}{N}\newlineσ2=347\sigma^2 = \frac{34}{7}\newlineσ24.857\sigma^2 \approx 4.857\newlineSince we need to round to the nearest tenth, the variance is approximately 4.94.9.

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