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In the data set below, what is the variance?\newline6,7,3,1,4,7,76, 7, 3, 1, 4, 7, 7\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?\newline6,7,3,1,4,7,76, 7, 3, 1, 4, 7, 7\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Variance: Now, let's do the variance thing.\newlineWe need to sum up each (numbermean)2(number - mean)^2.\newline(65)2+(75)2+(35)2+(15)2+(45)2+(75)2+(75)2(6 - 5)^2 + (7 - 5)^2 + (3 - 5)^2 + (1 - 5)^2 + (4 - 5)^2 + (7 - 5)^2 + (7 - 5)^2\newline=12+22+(2)2+(4)2+(1)2+22+22= 1^2 + 2^2 + (-2)^2 + (-4)^2 + (-1)^2 + 2^2 + 2^2\newline=1+4+4+16+1+4+4= 1 + 4 + 4 + 16 + 1 + 4 + 4\newline=34= 34
  2. Sum of Squared Differences: Alright, got the sum. Now divide by the number of data points to get the variance.\newlineVariance = 347\frac{34}{7}\newlineVariance 4.857\approx 4.857\newlineRound it to the nearest tenth.\newlineVariance 4.9\approx 4.9

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