In the data set, what is the variance 68194
Answers
But maybe you are asking what it means for the variance in a set of data to be 68194. If so, it means this: Let {x(i) | i = 1 .. n} be set the of numbers in the dataset. Let u be the mean of all the x(i). Then the variance is the sum, over all i, of (x(i) - u)**2. In your case that sum is 68194.
If the variance is small compared to the square of the mean, then the data are considered tightly concentrated around the mean. If large compared to the square of the mean, then the date is considered spread out or dispersed around the mean.
Question :- What is the variance of the data set :-
86, 49, 63, 90, 82, 98, 36.
Solution :-
we know that,
- Mean = sum of all observations / Total number of observations
so,
→ Mean of given data = xi = (86 + 49 + 63 + 90 + 82 + 98 + 36) / 7 = 504 / 7 = 72 .
then,
x (x - xi) (x - xi)²
86 (-12) 144
49 (-23) 529
63 (-9) 81
90 18 324
82 10 100
98 26 676
36 36 1296
⅀(x - xi)² = 3150
therefore ,
→ variance of the set of data = ⅀(x - xi)² / (n - 1)
→ variance of the set of data = 3150 / (7 - 1)
→ variance of the set of data = 3150 / 6
→ variance of the set of data = 525 (Ans.)
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