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In the data set below, what is the variance?\newline6,7,1,4,4,4,26, 7, 1, 4, 4, 4, 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?\newline6,7,1,4,4,4,26, 7, 1, 4, 4, 4, 2\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.\newlineMean = (6+7+1+4+4+4+2)/7(6 + 7 + 1 + 4 + 4 + 4 + 2)/7\newlineμ=28/7\mu = 28/7\newlineμ=4\mu = 4
  2. Calculate Squared Differences: Data set: 6,7,1,4,4,4,26, 7, 1, 4, 4, 4, 2 \newlineμ=4\mu = 4\newlineCalculate the sum of the squared differences from the mean.\newline(64)2+(74)2+(14)2+(44)2+(44)2+(44)2+(24)2(6 - 4)^2 + (7 - 4)^2 + (1 - 4)^2 + (4 - 4)^2 + (4 - 4)^2 + (4 - 4)^2 + (2 - 4)^2\newline=(2)2+(3)2+(3)2+(0)2+(0)2+(0)2+(2)2= (2)^2 + (3)^2 + (-3)^2 + (0)^2 + (0)^2 + (0)^2 + (-2)^2\newline=4+9+9+0+0+0+4= 4 + 9 + 9 + 0 + 0 + 0 + 4\newline=26= 26
  3. Calculate Variance: We know:\newlineΣ(xiμ)2=26\Sigma(x_i - \mu)^2= 26\newlineN=7N= 7\newlineCalculate the variance and round your answer to the nearest tenth.\newlineσ2=(Σ(xiμ)2)/N\sigma^2 = (\Sigma(x_i - \mu)^2)/N\newlineσ2=26/7\sigma^2 = 26/7\newlineσ23.71428571429\sigma^2 \approx 3.71428571429\newlineRounded to the nearest tenth: σ23.7\sigma^2 \approx 3.7

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