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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 \( \square \) .

Ask by May Elliott. in the United States
Jan 23,2025

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Tutor-Verified Answer

Answer

The variance of the traveler spending data is 723.62 (in billions of dollars squared).

Solution

To calculate the **variance** of the traveler spending data, follow these steps: ### **1. Data Set:** \[ 20.9,\ 33.1,\ 21.8,\ 58.5,\ 23.5,\ 110.9,\ 30.4,\ 24.9,\ 74.1,\ 60.3,\ 40.4,\ 45.4 \] ### **2. Calculate the Mean (\(\bar{x}\)):** \[ \bar{x} = \frac{\sum x_i}{n} = \frac{544.2}{12} = 45.35 \] ### **3. Compute Each Squared Deviation \((x_i - \bar{x})^2\):** \[ \begin{array}{ll} (20.9 - 45.35)^2 = 597.80 \\ (33.1 - 45.35)^2 = 150.06 \\ (21.8 - 45.35)^2 = 554.60 \\ (58.5 - 45.35)^2 = 172.22 \\ (23.5 - 45.35)^2 = 477.22 \\ (110.9 - 45.35)^2 = 4292.80 \\ (30.4 - 45.35)^2 = 223.00 \\ (24.9 - 45.35)^2 = 418.03 \\ (74.1 - 45.35)^2 = 826.56 \\ (60.3 - 45.35)^2 = 223.00 \\ (40.4 - 45.35)^2 = 24.50 \\ (45.4 - 45.35)^2 = 0.00 \\ \end{array} \] **Total Squared Deviations:** \[ 597.80 + 150.06 + 554.60 + 172.22 + 477.22 + 4292.80 + 223.00 + 418.03 + 826.56 + 223.00 + 24.50 + 0.00 = 7959.79 \] ### **4. Calculate the Variance (\(s^2\)):** \[ s^2 = \frac{\sum (x_i - \bar{x})^2}{n - 1} = \frac{7959.79}{11} \approx 723.62 \] ### **Final Answer:** The **variance** of the traveler spending data is **723.62** (in billions of dollars squared).

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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.

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