Q. In the data set below, what is the variance?8,7,4,9,6,8If the answer is a decimal, round it to the nearest tenth.variance (σ2): _____
Calculate Squared Differences: Now, calculate the sum of the squared differences from the mean for each data point. Σ(xi−μ)2=(8−7)2+(7−7)2+(4−7)2+(9−7)2+(6−7)2+(8−7)2=(1)2+(0)2+(−3)2+(2)2+(−1)2+(1)2=1+0+9+4+1+1=16
Find Variance: Finally, divide the sum of squared differences by the number of data points to find the variance.σ2=NΣ(xi−μ)2σ2=616σ2≈2.6667Round the variance to the nearest tenth.σ2≈2.7
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