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Variance Using Excel

Variance Using Excel - 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. 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 standard deviation squared will give us. Unlike some other statistical measures of variability, it. 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. Then calculate the average of those squared. The units of variance are the square of the units measured in the data set. Subtract the mean and square the result (the squared difference). The variance reflects the variability of your dataset by taking the average of squared deviations from the mean. It helps us understand the spread or dispersion of data points.

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