Q. In the data set below, what is the variance?6,7,3,1,4,7,7If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Variance: Now, let's do the variance thing.We need to sum up each (number−mean)2.(6−5)2+(7−5)2+(3−5)2+(1−5)2+(4−5)2+(7−5)2+(7−5)2=12+22+(−2)2+(−4)2+(−1)2+22+22=1+4+4+16+1+4+4=34
Sum of Squared Differences: Alright, got the sum. Now divide by the number of data points to get the variance.Variance = 734Variance ≈4.857Round it to the nearest tenth.Variance ≈4.9
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