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(Solved) MATH225 Week 3 A large company is interested to know the variation in yearly sales for its salespeople. Find the variance for this dataset.

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Question

A large company is interested to know the variation in yearly sales for its salespeople. The dataset shown below is the yearly sales for a sample of 5 salespeople (expressed in thousands of dollars):

40, 60, 65, 70, 80

Find the variance for this dataset.

  • Round the final answer to the nearest whole number.

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