The variance is a measure of how spread out numbers are in a dataset. It quantifies the average degree to which each number differs from the mean. A high variance indicates that the data points are more spread out, while a low variance suggests that they are closer to the mean.
To calculate the variance, you first find the mean (average) of the dataset. Then, for each data point, subtract the mean and square the result. Finally, average these squared differences.
What is variance in statistics?
How do I calculate variance manually?
What does a high variance indicate?
Can variance be negative?
What is the formula for variance?
When should I use variance?
How does variance differ from standard deviation?
Results are for informational purposes only and do not constitute professional advice.
