The sample variance tells us how spread out the values are in a given sample.
Typically denoted as s2, it is calculated as:
s2 = Σ (xi – x)2 / (n-1)
- x: sample mean
- xi: the ith value in the sample
- n: the sample size
The following step-by-step example shows how to calculate the sample variance for the following sample:
Sample: 2, 4, 4, 7, 8, 12, 14, 15, 19, 22
Step 1: Enter the Data
First, we will enter the data values.
Press , then press . Then enter the values of the sample in column L1:
Step 2: Find the Sample Variance
Next, press and then scroll over to the right and press .
Then press .
In the new screen that appears, press .
Once you press , a list of summary statistics will appear.
The sample standard deviation is Sx = 6.783149056.
To find the sample variance, we need to square this value. To do so, press and then press 5:
In the new window that appears, press 3 to select the sample standard deviation:
Lastly, press the button to square the sample standard deviation:
The sample variance turns out to be 46.0111.