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Formula to Calculate Population Variance - WallStreetMojo

1. u003cstrongu003eStep 1: u003c/strongu003eCalculate the mean (µ) of the given data. In order to u003ca href=u0022https://www.wallstreetmojo.com/mean-formula/u0022u003ecalculate the meanu003c/au003e, add all the observations and then divide that by the number of observations (N).u003cbr/u003e 2. Make a table. Please note that constructing a table is not compulsory, but presenting it in a tabular format would make the calculations easier. In the first column, write each observation (xu003csubu003e1, u003c/subu003exu003csubu003e2u003c/subu003e, xu003csubu003e3,u003c/subu003e…..xu003csubu003enu003c/subu003e).u003cbr/u003e 3. In the second column, write the deviation of each observation from the mean (xu003csubu003ei u003c/subu003e– µ).u003cbr/u003e

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