Equation (4.7) for variance indicates exactly what variance is: the weighted average of squared deviations from the

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Equation (4.7) for variance indicates exactly what variance is: the weighted average of squared deviations from the mean, weighted by the probabilities. However, the computing formula for variance, Equation (4.9), is more convenient for spreadsheet calculations. Show algebraically that the two formulas are equivalent.


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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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