What is the meaning of Samona? How popular is the baby name Samona? Learn the origin and popularity plus how to pronounce Samona
Variance. Variance (Ï 2) is a measure of the dispersion of a set of data points around their mean value. In other words, variance is a mathematical expectation of the average squared deviations from the mean. It is computed by finding the probability-weighted average of squared deviations from the expected value. Variance measures the variability from an average (volatility).
To calculate the Variance, take each difference, square it, and then average the result: So the Variance is 21,704. And the Standard Deviation is just the square root of Variance, so: And the good thing about the Standard Deviation is that it is useful. Now we can show which heights are within one Standard Deviation (147mm) of the Mean: