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In the data set below, what is the variance?\newline5,1,6,4,9,25, 1, 6, 4, 9, 2\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?\newline5,1,6,4,9,25, 1, 6, 4, 9, 2\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Sum Squared Differences: Now, let's calculate the sum of the squared differences from the mean.\newlineΣ(ximean)2=(54.5)2+(14.5)2+(64.5)2+(44.5)2+(94.5)2+(24.5)2\Sigma(x_i - \text{mean})^2 = (5 - 4.5)^2 + (1 - 4.5)^2 + (6 - 4.5)^2 + (4 - 4.5)^2 + (9 - 4.5)^2 + (2 - 4.5)^2\newlineΣ(ximean)2=(0.5)2+(3.5)2+(1.5)2+(0.5)2+(4.5)2+(2.5)2\Sigma(x_i - \text{mean})^2 = (0.5)^2 + (-3.5)^2 + (1.5)^2 + (-0.5)^2 + (4.5)^2 + (-2.5)^2\newlineΣ(ximean)2=0.25+12.25+2.25+0.25+20.25+6.25\Sigma(x_i - \text{mean})^2 = 0.25 + 12.25 + 2.25 + 0.25 + 20.25 + 6.25\newlineΣ(ximean)2=41.5\Sigma(x_i - \text{mean})^2 = 41.5
  2. Calculate Variance: Finally, we calculate the variance by dividing the sum of squared differences by the number of data points.\newlineVariance σ2\sigma^2 = Σ(ximean)2N\frac{\Sigma(x_i - \text{mean})^2}{N}\newlineVariance σ2\sigma^2 = 41.56\frac{41.5}{6}\newlineVariance σ2\sigma^2 = 66.916666916666...\newlineRounded to the nearest tenth, Variance σ2\sigma^2 6.9\approx 6.9

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