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Variance Excel Function

Variance Excel Function - 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. The variance reflects the variability of your dataset by taking the average of squared deviations from the mean. It measures how far each number in the set is from the mean (average), and thus. To calculate the variance follow these steps: It assesses the average squared difference between data values and 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. Variance is a statistical measure that shows how much the values in a data set differ from the mean. Variance is a measure of variability in statistics. It helps us understand the spread or dispersion of data points.

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