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Consider the following sample of 5 observations. -10, 4, 726, 8, 12 There is one outlier. Suppose we wish to remove the outlier from the

Consider the following sample of 5 observations.

-10, 4, 726, 8, 12

There is one outlier. Suppose we wish to remove the outlier from the calculations and calculate the variance of the remaining values. What would the value of the variance be?

[Give your numeric response to *at least* 3 decimal places. Include only the number, and no other characters or symbols in your response.]

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