Concept:
The variance ($\sigma^2$) of a dataset is the square of the standard deviation ($\sigma$). The computational formula for variance is:
$$\sigma^2 = \frac{\sum x_i^2}{n} - (\bar{x})^2$$
where $\sum x_i^2$ is the sum of the squares of the observations, $n$ is the number of observations, and $\bar{x}$ is the mean.
Step 1: Identify the given values.
Number of observations, $n = 10$
Mean, $\bar{x} = 24$
Standard deviation, $\sigma = 4$
Step 2: Calculate the variance.
Variance is the standard deviation squared:
$$\sigma^2 = 4^2 = 16$$
Step 3: Apply the variance formula to find the sum of squares.
Substitute the known values into the computational formula:
$$16 = \frac{\sum x_i^2}{10} - (24)^2$$
Calculate the square of the mean:
$$16 = \frac{\sum x_i^2}{10} - 576$$
Step 4: Isolate and solve for the sum of squares.
Add 576 to both sides:
$$16 + 576 = \frac{\sum x_i^2}{10}$$
$$592 = \frac{\sum x_i^2}{10}$$
Multiply by 10 to find the final value:
$$\sum x_i^2 = 5920$$