find the variance and standard deviation of the wages of 9 workers given below ₹310,₹290,₹320,₹280,₹300,₹290,₹320,₹310,₹280
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Answer:
Variance = 222.22
Standard Deviation = 14.9
Step-by-step explanation:
₹310,₹290,₹320,₹280,₹300,₹290,₹320,₹310,₹280
n = 9
Sum = 310 + 290 + 320 + 280 + 300 + 290 + 320 + 310 + 280 = 2700
Mean = 2700/9 = 300
∑(x - Mean)² = 10² + 10² + 20² + 20² + 0 + 10² + 20² + 10² + 20²
= 2000
Standard Deviation = √(2000)/9 = 14.9
Variance = 2000/9 = 222.22
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