\text{Sum} = 42,090 + 51,930 + 53,910 + 56,630 + 61,050 + 61,220 = 326,830
\]
The number of data points (n) is 6.
Now, calculate the mean:
\[
\text{Mean} = \frac{\text{Sum}}{n} = \frac{326,830}{6} \approx 54,471.67
\]
### Step 2: Find the squared differences from the mean
Now, let's calculate the squared differences for each salary:
1. \( (42,090 - 54,471.67)^2 \approx (−12,381.67)^2 \approx 153,238,062.79 \)
2. \( (51,930 - 54,471.67)^2 \approx (−2,541.67)^2 \approx 6,451,111.11 \)
3. \( (53,910 - 54,471.67)^2 \approx (−561.67)^2 \approx 315,111.11 \)
4. \( (56,630 - 54,471.67)^2 \approx (2,158.33)^2 \approx 4,661,111.11 \)
5. \( (61,050 - 54,471.67)^2 \approx (6,578.33)^2 \approx 43,352,111.11 \)
6. \( (61,220 - 54,471.67)^2 \approx (6,748.33)^2 \approx 45,486,111.11 \)
### Step 3: Calculate the average of the squared differences
Now we sum these squared differences:
\[
\text{Total squared differences} = 153,238,062.79 + 6,451,111.11 + 315,111.11 + 4,661,111.11 + 43,352,111.11 + 45,486,111.11 \approx 253,473,517.33
\]
Finally, to find the variance, divide by the number of values \( n \):
\[
\text{Variance} = \frac{\text{Total squared differences}}{n} = \frac{253,473,517.33}{6} \approx 42,245,586.22
\]
### Result
The variance of the occupation salaries is approximately **42,245,586.22**. What is the standard deviation?
1 answer
To find the standard deviation, you take the square root of the variance.
Given that the variance is approximately 42,245,586.22, we can calculate the standard deviation as follows:
\[
\text{Standard Deviation} = \sqrt{\text{Variance}} = \sqrt{42,245,586.22} \approx 6,499.76
\]
Result
The standard deviation of the occupation salaries is approximately 6,499.76.