Concept:
Statistics - Variance and Standard Deviation.
The variance ($\sigma^2$) of a dataset is the average of the squared deviations from the mean:
$$ \sigma^2 = \frac{\sum_{i=1}^{N} (x_i - \overline{x})^2}{N} $$
The standard deviation ($\sigma$) is the square root of the variance.
Step 1: Identify the given parameters.
- The sum of squared deviations: $\sum_{i=1}^{10} (x_i - \overline{x})^2 = 662$
- The number of observations: $N = 10$
Step 2: Calculate the variance ($\sigma^2$).
Substitute the values into the variance formula:
$$ \sigma^2 = \frac{662}{10} $$
$$ \sigma^2 = 66.2 $$
Step 3: Calculate the standard deviation ($\sigma$).
Take the square root of the variance to find the standard deviation:
$$ \sigma = \sqrt{66.2} $$
Step 4: Estimate the square root value.
- We know $8^2 = 64$ and $9^2 = 81$.
- Since $66.2$ is very close to $64$, the square root must be slightly greater than $8$.
- Checking the options, $8.136$ is the only logical fit.
$$ \sigma \approx 8.136 $$