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In the data set below, what is the variance?\newline7,5,4,6,4,1,17, 5, 4, 6, 4, 1, 1\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____

Full solution

Q. In the data set below, what is the variance?\newline7,5,4,6,4,1,17, 5, 4, 6, 4, 1, 1\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 = (7+5+4+6+4+1+1)/7(7 + 5 + 4 + 6 + 4 + 1 + 1)/7\newlineμ=28/7\mu = 28/7\newlineμ=4\mu = 4
  2. Calculate Squared Differences: Data set: 7,5,4,6,4,1,17, 5, 4, 6, 4, 1, 1
    μ=4\mu = 4
    Calculate the sum of the squared differences from the mean, Σ(xiμ)2\Sigma(x_i - \mu)^2.
    (74)2+(54)2+(44)2+(64)2+(44)2+(14)2+(14)2(7 - 4)^2 + (5 - 4)^2 + (4 - 4)^2 + (6 - 4)^2 + (4 - 4)^2 + (1 - 4)^2 + (1 - 4)^2
    =(3)2+(1)2+(0)2+(2)2+(0)2+(3)2+(3)2= (3)^2 + (1)^2 + (0)^2 + (2)^2 + (0)^2 + (-3)^2 + (-3)^2
    =9+1+0+4+0+9+9= 9 + 1 + 0 + 4 + 0 + 9 + 9
    =32= 32
  3. Calculate Variance: We know:\newlineΣ(xiμ)2=32\Sigma(x_i - \mu)^2= 32\newlineN=7N= 7\newlineCalculate the variance and round your answer to the nearest tenth.\newlineσ2=Σ(xiμ)2N\sigma^2 = \frac{\Sigma(x_i - \mu)^2}{N}\newlineσ2=327\sigma^2 = \frac{32}{7}\newlineσ24.57142857\sigma^2 \approx 4.57142857\newlineRounded to the nearest tenth: σ24.6\sigma^2 \approx 4.6

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