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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
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 2Identify the variables:
Standard deviation = 5
Variance = ?
Variance is equal to the square of standard deviation (see page 29):
= 5 --- Square both sides
= --- Simplify
= 25
Answer: 25
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