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To get the best deal on a microwave oven, jeremy called six appliance stores and asked the cost of a specific model. the prices (in dollars) he was quoted are listed below: 425, 332, 453, 353, 260, 366 find the variance.

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Answer: Variance= 3933.806

Explanation: Variance measures the spread of the data. It shows how far the data is spread from its mean. It is calculated as,

[tex]variance= ∑\frac{x-mean}{n}[/tex]

Mean = 364.8333

[tex]variance = \frac{(422 - 364.333)^{2} + (332 - 364.333)^{2}+ (453 - 364.333)^{2} + (353 - 364.333)^{2} + (260 - 364.333)^{2} + (366 - 364.333)^{2} }{6}[/tex]

[tex]= \frac{23602.83}{6}

= 3933.806[/tex]

Therefore, the variance is $3933.806 dollars.

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