What is the variance of {-2, 5, 18, -8, -10, 14, -12, 4}?

1 Answer

Variance σ2=690364=107.8593

Explanation:

compute the arithmetic mean μ first

n=8

μ=2+5+18+(8)+(10)+14+(12)+48

μ=32+418

μ=98

compute the variance σ2 using the variance formula for population

σ2=(xμ)2n

σ2=(298)2+(598)2+(1898)2+(898)2+(1098)2+(1498)2+(1298)2+(498)28

σ2=690364

σ2=107.8593

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