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Answer :
Final answer:
The variance of the daily chocolate sales in Othammarket is 493.22 kg^2 and the standard deviation is 22.19 kg.
Explanation:
To calculate the variance and standard deviation of the daily chocolate sales in Othammarket, we need to follow these steps:
- Calculate the mean of the dataset:
- Mean = (140 + 50 + 60 + 70 + 80 + 90 + 100) / 7 = 590 / 7 = 84.29 kg
- Subtract the mean from each data point and square the result:
- (140 - 84.29)^2 = 2190.24
- (50 - 84.29)^2 = 1174.56
- (60 - 84.29)^2 = 588.09
- (70 - 84.29)^2 = 203.06
- (80 - 84.29)^2 = 18.09
- (90 - 84.29)^2 = 32.49
- (100 - 84.29)^2 = 246.01
- Calculate the average of the squared differences. This is the variance:
- Variance = (2190.24 + 1174.56 + 588.09 + 203.06 + 18.09 + 32.49 + 246.01) / 7 = 3452.54 / 7 = 493.22 kg^2
- Take the square root of the variance to find the standard deviation:
- Standard Deviation = sqrt(493.22) = 22.19 kg
Learn more about standard deviation here:
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