Q. In the data set below, what is the variance?8,8,9,6,4,7If 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.Σ(xi−mean)2=(8−7)2+(8−7)2+(9−7)2+(6−7)2+(4−7)2+(7−7)2Σ(xi−mean)2=(1)2+(1)2+(2)2+(−1)2+(−3)2+(0)2Σ(xi−mean)2=1+1+4+1+9+0Σ(xi−mean)2=16
Find Variance: Finally, we divide the sum of squared differences by the number of data points to find the variance.Variance σ2 = NΣ(xi−mean)2Variance σ2 = 616Variance σ2 = 2.666...Rounded to the nearest tenth, Variance σ2≈2.7
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