Q.
The mean and standard deviation of 15 observations are found to be 8 and 3 respectively. On rechecking it was found that, in the observations, 20 was misread as 5. Then, the correct variance is equal to ______.
We have
Variance =15r=1∑15xr2−⎝⎛15r=1∑15xr⎠⎞2
Now, as per information given in equation 15∑xr2−82=32⇒∑xr2=log5
Now, the new ∑xr2=log5−52+202=1470
And, new ∑xr=(15×8)−5+(20)=135 ∴ Variance =151470−(15135)2=98−81=17