Find the Variance for the Given Data $\begin{array} { l l l l l l } 26 & 32 & 29 & 16 & 45 & 19 \end{array}$

question 102

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
-The owner of a small manufacturing plant employs six people. As part of their personnel file, she asked each one to record to the nearest one-tenth of a mile the distance they travel one way from home to work. The six
Distances are listed below: $\begin{array} { l l l l l l } 26 & 32 & 29 & 16 & 45 & 19 \end{array}$

• A) \(15.8 \mathrm { mi } ^ { 2 }\)
• B) \(5043.6 \mathrm { mi } ^ { 2 }\)
• C) \(18.9 \mathrm { mi } ^ { 2 }\)
• D) \(107.0 \mathrm { mi } ^ { 2 }\)

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Definitions:

Equity Method

An accounting technique used for recording investments in associate companies where the investment is initially recorded at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee.

Stock Investments-Long

Investments in stock securities intended to be held for a long-term period for capital appreciation, dividend income, or both.

Common Stock

Equity securities representing ownership in a company, entitling holders to vote and share in the company's profits.

Net Income

The financial term for the total earnings or profit of a company after all expenses and taxes have been subtracted from total revenue.