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In the data set below, what is the variance?\newline5,2,7,7,5,8,85, 2, 7, 7, 5, 8, 8\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?\newline5,2,7,7,5,8,85, 2, 7, 7, 5, 8, 8\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Squared Differences: Now that we have the mean, we calculate the squared differences from the mean for each data point.\newline(56)2+(26)2+(76)2+(76)2+(56)2+(86)2+(86)2(5 - 6)^2 + (2 - 6)^2 + (7 - 6)^2 + (7 - 6)^2 + (5 - 6)^2 + (8 - 6)^2 + (8 - 6)^2\newline= (1)2+(4)2+(1)2+(1)2+(1)2+(2)2+(2)2(-1)^2 + (-4)^2 + (1)^2 + (1)^2 + (-1)^2 + (2)^2 + (2)^2\newline= 1+16+1+1+1+4+41 + 16 + 1 + 1 + 1 + 4 + 4\newline= 2828
  2. Find Variance: Finally, we divide the sum of squared differences by the number of data points to find the variance.\newlineNumber of data points N=7N = 7\newlineVariance σ2=Σ(xiμ)2N\sigma^2 = \frac{\Sigma(x_i - \mu)^2}{N}\newlineσ2=287\sigma^2 = \frac{28}{7}\newlineσ2=4\sigma^2 = 4\newlineSince the variance is a whole number, there is no need to round to the nearest tenth.

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