Q. In the data set below, what is the variance?8,3,4,6,3If 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.So, (8−4.8)2+(3−4.8)2+(4−4.8)2+(6−4.8)2+(3−4.8)2That's (3.2)2+(−1.8)2+(−0.8)2+(1.2)2+(−1.8)2Which is 10.24+3.24+0.64+1.44+3.24Add 'em up, and we get 18.8
Sum of Squares: Alright, almost there.We divide that sum by the number of values, which is 5.Variance (σ2) = 518.8Variance (σ2) = 3.76Round it to the nearest tenth, and we get 3.8
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