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In the data set below, what is the variance?\newline7,8,5,6,67, 8, 5, 6, 6\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?\newline7,8,5,6,67, 8, 5, 6, 6\newlineIf the answer is a decimal, round it to the nearest tenth.\newlinevariance (σ2)(\sigma^2): _____
  1. Calculate Sum Squared Differences: Now, let's calculate the sum of the squared differences from the mean.\newline(76.4)2+(86.4)2+(56.4)2+(66.4)2+(66.4)2(7 - 6.4)^2 + (8 - 6.4)^2 + (5 - 6.4)^2 + (6 - 6.4)^2 + (6 - 6.4)^2\newline= (0.6)2+(1.6)2+(1.4)2+(0.4)2+(0.4)2(0.6)^2 + (1.6)^2 + (-1.4)^2 + (-0.4)^2 + (-0.4)^2\newline= 0.36+2.56+1.96+0.16+0.160.36 + 2.56 + 1.96 + 0.16 + 0.16\newline= 5.25.2
  2. Find Variance: Finally, we divide the sum of squared differences by the number of data points to find the variance.\newlineVariance σ2\sigma^2 = Sum of squared differences / Number of data points\newlineVariance σ2\sigma^2 = 5.25\frac{5.2}{5}\newlineVariance σ2\sigma^2 = 11.0404\newlineSince we need to round to the nearest tenth, the variance is 1.01.0.

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