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Variance Excel Formula

Variance Excel Formula - It assesses the average squared difference between data values and the mean. Unlike some other statistical measures of variability, it. Subtract the mean and square the result (the squared difference). Variance is a measure of how spread out a data set is, and we calculate it by finding the average of each data point's squared difference from the mean. Variance measures the spread between numbers in a data set. To calculate the variance follow these steps: 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. Variance is a statistical measure that shows how much the values in a data set differ from the mean. The units of variance are the square of the units measured in the data set. 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.

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