The variance of the exchange rate is:

Name: The variance of the exchange rate is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

We can calculate the variance using the formula:
Variance = [(Sum of (observation - mean)^2)/n]
Plugging in the given values, we get:
Variance = [(0.8852 + 0.7382 + 1.0342 + 0.9278 + 1.0378)/5]
Variance = 0.9244/5
Variance = 0.18488
Rounding off to 6 decimal places, we get:
Variance = 0.002968
Therefore, the answer is B.

The Variance of the Exchange Rate Is