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In the data set below, what is the variance?\newline6,4,7,1,7,56, 4, 7, 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?\newline6,4,7,1,7,56, 4, 7, 1, 7, 5\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance σ2\sigma^2: _____
  1. Calculate Squared Differences: Now, calculate the squared differences from the mean for each data point.\newline(65)2+(45)2+(75)2+(15)2+(75)2+(55)2(6 - 5)^2 + (4 - 5)^2 + (7 - 5)^2 + (1 - 5)^2 + (7 - 5)^2 + (5 - 5)^2\newline=(1)2+(1)2+(2)2+(4)2+(2)2+(0)2= (1)^2 + (-1)^2 + (2)^2 + (-4)^2 + (2)^2 + (0)^2\newline=1+1+4+16+4+0= 1 + 1 + 4 + 16 + 4 + 0\newline=26= 26
  2. Find Variance: Next, divide the sum of squared differences by the number of data points to find the variance.\newlineN=6N = 6 (number of data points)\newlineσ2=Σ(xiμ)2N\sigma^2 = \frac{\Sigma(x_i - \mu)^2}{N}\newlineσ2=266\sigma^2 = \frac{26}{6}\newlineσ24.3333\sigma^2 \approx 4.3333
  3. Round to Nearest Tenth: Finally, round the variance to the nearest tenth. σ24.3\sigma^2 \approx 4.3

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