Question: For the data set: 10, 12, 14, 16, 18, calculate the variance. (2020)
Options:
Correct Answer: 8
Exam Year: 2020
Solution:
Mean = (10 + 12 + 14 + 16 + 18) / 5 = 14. Variance = [(10-14)² + (12-14)² + (14-14)² + (16-14)² + (18-14)²] / 5 = 8.