Traveler Spending The data show the traveler spending in billions of dollars for a recent year for a sample of the states. Round your answers to two decimal places. \[ \begin{array}{llllllllllll} 20.9 & 33.1 & 21.8 & 58.5 & 23.5 & 110.9 & 30.4 & 24.9 & 74.1 & 60.3 & 40.4 & 45.4 \end{array} \] Send data to Excel Part 1 of 3 Find the range. The range is 90.00 . Part: \( 1 / 3 \) Part 2 of 3 Find the variance. The variance is \( \square \) .
Real Tutor Solution
Answer
Solution
Reviewed and approved by the UpStudy tutoring team
Mind Expander
To find the variance, we first need to calculate the mean (average) of the data set. Add all the values together and then divide by the number of values. 1. Calculate the mean: \[ \text{Mean} = \frac{(20.9 + 33.1 + 21.8 + 58.5 + 23.5 + 110.9 + 30.4 + 24.9 + 74.1 + 60.3 + 40.4 + 45.4)}{12} \approx 41.99 \] 2. Next, subtract the mean from each number, square the result, and then find the average of those squared differences. Calculating those steps gives us: \[ \text{Variance} = \frac{((20.9 - 41.99)^2 + (33.1 - 41.99)^2 + (21.8 - 41.99)^2 + (58.5 - 41.99)^2 + (23.5 - 41.99)^2 + (110.9 - 41.99)^2 + (30.4 - 41.99)^2 + (24.9 - 41.99)^2 + (74.1 - 41.99)^2 + (60.3 - 41.99)^2 + (40.4 - 41.99)^2 + (45.4 - 41.99)^2)}{12} \] After performing these calculations, you will find that the variance is approximately 809.72.