Q. In the data set below, what is the variance?8,5,1,1,7,5If 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.(8−4.5)2+(5−4.5)2+(1−4.5)2+(1−4.5)2+(7−4.5)2+(5−4.5)2= (3.5)2+(0.5)2+(−3.5)2+(−3.5)2+(2.5)2+(0.5)2= 12.25+0.25+12.25+12.25+6.25+0.25= 43.5
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 = 643.5Variance σ2 = 7.25Since we need to round to the nearest tenth, the variance is 7.3.
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