First, we calculate the deviation of each data point from the mean \(\bar{x} = 131\).
\[ \begin{align_} 97 - 131 &= -34, \\ 122 - 131 &= -9, \\ 143 - 131 &= 12, \\ 155 - 131 &= 24, \\ 138 - 131 &= 7. \end{align_} \]
Next, we square each of the deviations calculated in Step 1.
\[ \begin{align_} (-34)^2 &= 1156, \\ (-9)^2 &= 81, \\ 12^2 &= 144, \\ 24^2 &= 576, \\ 7^2 &= 49. \end{align_} \]
Now, we find the mean of these squared deviations. This is the variance.
\[ \sigma^2 = \frac{1156 + 81 + 144 + 576 + 49}{5} = \frac{2006}{5} = 401.2 \]
The variance of the data is \(\boxed{401.2}\).
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