To solve the problem, we need to use the given information about the mean and variance, and find the sum of the cubes of the remaining two observations.
Step 1: Understand the mean and variance formulas
Step 2: Find the sum of all five observations
Let the five observations be x_1, x_2, x_3, x_4, x_5. It's given:
From the mean, we have:
5 = \frac{1 + 3 + 5 + x_4 + x_5}{5}
5 \times 5 = 9 + x_4 + x_5
25 = 9 + x_4 + x_5 \Rightarrow x_4 + x_5 = 16
Step 3: Use the variance to find another equation for the observations
Variance is given as 8, so:
8 = \frac{(1-5)^2 + (3-5)^2 + (5-5)^2 + (x_4-5)^2 + (x_5-5)^2}{5}
Simplifying, we get:
{\begin{align*} 8 \times 5 &= 16 + 4 + 0 + (x_4-5)^2 + (x_5-5)^2 \\ &= 40 = 20 + (x_4-5)^2 + (x_5-5)^2 \\ \\ &\Rightarrow (x_4-5)^2 + (x_5-5)^2 = 20 \end{align*}}
Step 4: Solve the system of equations
Now, we have two equations:
Using x_4 = 16 - x_5 in the second equation, and simplifying, we find:
The two roots that satisfy both equations are x_4 = 9, x_5 = 7.
Step 5: Calculate the sum of cubes of the remaining two observations
Third observations being x_4 = 9 and x_5 = 7.
Sum of cubes is computed as follows:
x_4^3 + x_5^3 = 9^3 + 7^3 = 729 + 343 = 1072
Thus, the sum of cubes of the remaining two observations is 1072.