Question
The salaries (in thousands of dollars) for a sample of 13 employees of a firm are: 26.5, 23.5, 29.7, 24.8, 21.1, 24.3, 20.4, 22.7, 27.2, 23.7, 24.1, 24.8, and 28.2.
Compute the variance of the salaries.
a)2.562
b)6.125 - I Picked this
c)9.223
d)7.097
Compute the variance of the salaries.
a)2.562
b)6.125 - I Picked this
c)9.223
d)7.097
Answers
Your pick is incorrect. It's either c) or d). Remember that standard deviation is the square root of the variance, and variance is standard deviation squared.
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