How is the variance of a population denoted in statistics?

Prepare for ASU's STP226 Elements of Statistics Exam 1. Enhance your statistical skills with multiple choice questions, detailed explanations, and practice materials. Master statistical concepts effectively!

The variance of a population is denoted by the symbol σ^2 (sigma squared). This notation is widely used in statistics to represent the variance, which is a measure of the dispersion or spread of a set of values in a population. Specifically, population variance is calculated as the average of the squared differences from the mean of the population.

In contrast, the symbol s^2 denotes the variance of a sample rather than a population. μ represents the population mean, which is a different statistic that measures the central tendency of a population. The symbol p^2 generally refers to the variance of a proportion, which is not applicable in the context of overall population variance.

Thus, σ^2 is the correct answer as it accurately denotes the population variance according to standard statistical terminology.

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