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
1 answer
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.
1 answer