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Variance Equation Excel

Variance Equation Excel - Unlike some other statistical measures of variability, it. Variance is a statistical measurement that is used to determine the spread of numbers in a data set with respect to the average value or the mean. The red population has mean 100 and variance 100 (sd=10) while the blue population has mean 100 and variance 2500 (sd=50) where sd stands for standard deviation. It assesses the average squared difference between data values and the mean. The variance reflects the variability of your dataset by taking the average of squared deviations from the mean. Subtract the mean and square the result (the squared difference). To calculate the variance follow these steps: The standard deviation squared will give us. Variance is a measure of variability in statistics. It helps us determine how far each number in the set is from the mean or average, and from every other number in the set.

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