Q. In the data set below, what is the variance?4,3,6,7,3,3,2If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Squared Differences: Now, we will calculate the squared differences from the mean for each data point.(4−4)2+(3−4)2+(6−4)2+(7−4)2+(3−4)2+(3−4)2+(2−4)2= 02+(−1)2+22+32+(−1)2+(−1)2+(−2)2= 0+1+4+9+1+1+4= 20
Calculate Variance: Finally, we will calculate the variance by dividing the sum of squared differences by the number of data points N.σ2=NΣ(xi−μ)2σ2=720σ2≈2.857Since we need to round to the nearest tenth, the variance is approximately 2.9.
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