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In the data set below, what is the variance?\newline8,5,1,1,7,58, 5, 1, 1, 7, 5\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?\newline8,5,1,1,7,58, 5, 1, 1, 7, 5\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(84.5)2+(54.5)2+(14.5)2+(14.5)2+(74.5)2+(54.5)2(8 - 4.5)^2 + (5 - 4.5)^2 + (1 - 4.5)^2 + (1 - 4.5)^2 + (7 - 4.5)^2 + (5 - 4.5)^2\newline= (3.5)2+(0.5)2+(3.5)2+(3.5)2+(2.5)2+(0.5)2(3.5)^2 + (0.5)^2 + (-3.5)^2 + (-3.5)^2 + (2.5)^2 + (0.5)^2\newline= 12.25+0.25+12.25+12.25+6.25+0.2512.25 + 0.25 + 12.25 + 12.25 + 6.25 + 0.25\newline= 43.543.5
  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 = 43.56\frac{43.5}{6}\newlineVariance σ2\sigma^2 = 77.2525\newlineSince we need to round to the nearest tenth, the variance is 7.37.3.

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