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Describe the steps necessary to calculate the variance of a sample. Why is it important to...

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Basic Math

Describe the steps necessary to calculate the variance of asample. Why is it important to understand variance?

Discuss a situation in which you have used the variance of asample to help solve a problem.

Answer & Explanation Solved by verified expert
4.1 Ratings (532 Votes)
Steps necessary to calculate the variance of a samplestep 1 Write your sample data setstep 2 Write down the sample variance formula x meann 1is the variance Varianceis a term in your    See Answer
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