Calculate the Value of Variance for the Following Sub-Sample: 2,7,4,4,1,2,2,3,1,2,4,5

question 12

Short Answer

Calculate the value of variance for the following sub-sample: 2,7,4,4,1,2,2,3,1,2,4,5

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Definitions:

Linear Association

A relationship between two variables where the rate of change in one variable is constant with respect to the other.

Scatterplot

A type of graph in statistics used to display values for two variables for a set of data, showing the relation between them.

Histogram

A graphical representation of the distribution of numerical data, where the data is grouped into ranges and represented as bars.

Daily Sales

The total revenue generated from sales of goods or services in a single business day.