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Calculate the variance of uniform distribution given that (a+b) = 6/200 and b=2. 20 while a= 1.10?
Thank you for that. How do I interpret the variance of a uniform distribution?
The variance of a uniform distribution measures how spread out the values of the distribution are. In the case of a uniform distribution, where all values are equally likely, the variance tells us how much each value deviates from the mean of the distribution. In your case, the variance is quite small due to the small range between a and b.