NECO 2005 Economics · Question 29

If the standard deviation of a set of numbers is 3.6, what is the variance?

Options

  1. A.12.49
  2. B.12.69
  3. C.12.9
  4. D.12.96
  5. 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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