Math Problem Statement

1.      Using the five numbers for which you calculated the variance and standard deviation in the previous exercise set, use the calculating formula to find the variance. Compare your answer to the one you found there. Must they be the same?

Recalculate the variance using the five numbers: 60, 70, 50, 30, and 40.

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Variance
Standard Deviation

Formulas

Variance formula: σ^2 = Σ(xi - μ)^2 / N
Mean formula: μ = Σ(xi) / N

Theorems

Population variance theorem
Sample variance formula

Suitable Grade Level

Grades 9-12