Question

The weekly salaries of a sample of employees at the local bank are given in the table below. Employee Weekly Salary Anja $245 Raz $300 Natalie $325 Mic $465 Paul $100 What is the variance for the data? Variance: mc006-1.jpg

Answer 1

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Explanation:

Answer 2

The mean of the data is given


`(245+300+325+465+100)/(5)=287`

The variance of the data is given

`( \frac{245^(2)+300^(2)+325^(2)+465^(2)+100^(2)} {5})-(287^(2))`
`96375- 287^(2) =14006`