What Does Mean Variance

The extent of the variance correlates to the size of. The officially correct answer is that the second central moment aka the variance is larger.

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Variance tells you the degree of spread in your data set.

What does mean variance. What does Variance mean. What Does Percent Variance Mean. The coefficient of variation relative standard deviation is a statistical measure of the dispersion of data points around the mean.

Variance is a measure of the difference between actual and expected results. Unlike the standard deviation. Variance definition is - the fact quality or state of being variable or variant.

The term variance refers to a statistical measurement of the spread between numbers in a data set. In personal budgeting and management accounting its used to determine whether an individual or organization has exceeded or fallen short of its budgeted income and expenses. It is calculated by taking the average of squared deviations from the mean.

The variance is a measure of variability. The more spread the data the larger the variance is in relation to the mean. Synonym Discussion of variance.

After all people do refer to the variance as a measure of spread about the mean If you read this answer then as saying variance is one way to measure the spread of a variable about its mean so equality of variances means those measures of spread are equal then it makes perfect sense and does not require the assumption of Normality. How to use variance in a sentence. Variance is a formula defined for any probability distribution although it can be infinite and is simply the sum-of-squared-deviations about the.

In other words it shows the increase or decrease in an account over time as a percentage of the total account value. The metric is commonly used to compare the data dispersion between distinct series of data. The mean is the average of a group of numbers and the variance measures the average degree to which each number is different from the mean.

More specifically variance measures how far each. Information and translations of Variance in the most comprehensive dictionary definitions resource on the web. A percent variance is the change in an account during a period of from one period to the next expressed as a ratio.

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