Find the Variance for the Given Data $\begin{array} { l l l l l l } \$ 663 & \$ 273 & \$ 410 & \$ 622 & \$ 174 & \$ 374 \end{array}$

question 104

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
-To get the best deal on a microwave oven, Jeremy called six appliance stores and asked the cost of a specific model. The prices he was quoted are listed below: $\begin{array} { l l l l l l } \$ 663 & \$ 273 & \$ 410 & \$ 622 & \$ 174 & \$ 374 \end{array}$

• A) \(30,698.6\) dollars \(^ { 2 }\)
• B) \(1,207,582.7\) dollars \(^ { 2 }\)
• C) \(36,838.3\) dollars \(^ { 2 }\)
• D) \(36,838.2\) dollars \(^ { 2 }\)

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Definitions:

Critical Value

A value on the test statistic scale exceeding which leads to the rejection of the null hypothesis.

One-way ANOVA

A statistical test that compares the means of three or more independent groups to determine if there is a significant difference among them.

DfWG

Degrees of Freedom Within Groups, a term used in statistical analysis indicating the number of independent pieces of information within groups that can vary for calculating the variability or variance.

Groups

Collections of individuals or items classified or categorized together based on common characteristics or criteria.