To calculate the variance for the data set
Step 1: Find the mean
First, we need to calculate the mean (average) of the data set.
Calculating the sum:
Counting the number of data points, we have 7 data points.
Now, calculate the mean:
Step 2: Calculate each data point's deviation from the mean
Next, we will calculate the deviation of each data point from the mean and then square it:
Step 3: Sum of squared deviations
Now, sum these squared deviations:
Step 4: Calculate the variance
Finally, the variance for a sample is calculated using the formula:
Where
Final Answer
Rounding this to the nearest hundredth, the variance of the data set