Question: For the data set: 1, 2, 3, 4, 5, what is the variance? (2022)
Options:
Correct Answer: 1.5
Exam Year: 2022
Solution:
Mean = (1 + 2 + 3 + 4 + 5) / 5 = 3. Variance = [(1-3)² + (2-3)² + (3-3)² + (4-3)² + (5-3)²] / 5 = 2.