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What does the word variance mean?

Definition of variance. 1 : the fact, quality, or state of being variable or variant : difference, variation yearly variance in crops. 2 : the fact or state of being in disagreement : dissension, dispute.

What does variance tell you about a data set?

Variance is a statistical measure that tells us how measured data vary from the average value of the set of data. In other words, variance is the mean of the squares of the deviations from the arithmetic mean of a data set. More About Variance. Variance is the square of the standard deviation.

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