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Question

Janine is analyzing spending habits of students in her high school. She finds a mean monthly discretionary expense of $70 spent on having meals out with friends. The standard deviation of a distribution is 5. What is the variance?

Solution

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Answered 2 years ago
Answered 2 years ago
Step 1
1 of 2

Identify the variables:

Standard deviation = 5

Variance = ?

Variance is equal to the square of standard deviation (see page 29):

σ\sigma = 5 --- Square both sides

σ2\sigma^{2} = 525^{2} --- Simplify

σ2\sigma^{2} = 25

Answer: 25

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