Questions: Consider the following data:
-7,12,-7,14,-7,-11,-8
Step 1 of 3: Calculate the value of the sample variance. Round your answer to one decimal place.
Transcript text: Consider the following data:
\[
-7,12,-7,14,-7,-11,-8
\]
Step 1 of 3: Calculate the value of the sample variance. Round your answer to one decimal place.
Solution
Solution Steps
Step 1: Calculate the Mean
To find the mean \( \mu \) of the dataset, we use the formula:
\[
\mu = \frac{\sum x_i}{n}
\]
where \( \sum x_i \) is the sum of all data points and \( n \) is the number of data points. For our dataset: