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:

Net Operating Income

The revenue from a company's primary business operations minus operating expenses, excluding taxes and interest.

Units Sold

The quantity of product units that have been sold during a specific period.

Break-even Point

The point at which total costs and total revenues are equal, meaning the business is neither making a profit nor suffering a loss.

Variable Expenses

Costs that change in proportion to the level of activity or volume of production in a business.