Q. In the data set below, what is the variance?7,8,5,6,6If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Sum Squared Differences: Now, let's calculate the sum of the squared differences from the mean.(7−6.4)2+(8−6.4)2+(5−6.4)2+(6−6.4)2+(6−6.4)2= (0.6)2+(1.6)2+(−1.4)2+(−0.4)2+(−0.4)2= 0.36+2.56+1.96+0.16+0.16= 5.2
Find Variance: Finally, we divide the sum of squared differences by the number of data points to find the variance.Variance σ2 = Sum of squared differences / Number of data pointsVariance σ2 = 55.2Variance σ2 = 1.04Since we need to round to the nearest tenth, the variance is 1.0.
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