The Is the Average of the Squares of the Distance

question 96

Short Answer

The is the average of the squares of the distance each value is
from the mean.

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Definitions:

Expected Value

The expected value of a variable, determined by summing up all possible values, each weighed by its probability of happening.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.

Variance

A measure of the spread of numbers in a data set, indicating how far each number in the set is from the mean.

Board Configurations

The structure and arrangement of a board of directors or trustees, including the number of members, their roles, and how they are chosen.