NECO 2005 Economics · Question 29
If the standard deviation of a set of numbers is 3.6, what is the variance?
Options
- A.12.49
- B.12.69
- C.12.9
- D.12.96
- E.12.98
Answer: D. 12.96
Explanation written with AI and checked against the answer key
Analyze the question: You're given the standard deviation (σ = 3.6) and asked for the variance.
Concept: Variance is the square of the standard deviation. Put the other way round, standard deviation is the square root of the variance.
Variance = (Standard deviation)²
Solution:
Variance = (3.6)²
3.6 × 3.6:
- 3.6 × 3 = 10.8
- 3.6 × 0.6 = 2.16
- 10.8 + 2.16 = 12.96
So the variance = 12.96
Check: √12.96 = 3.6, because 3.6 × 3.6 = 12.96. ✔
Tip: Variance and standard deviation are linked in a simple way, so remember "Variance = SD squared." When squaring a decimal, ignore the point first (36 × 36 = 1296), then put back two decimal places (one for each 3.6), giving 12.96. Also, the last digit of 3.6² must end in 6 because 6 × 6 = 36, which helps you rule out options A, B, C and E right away.
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