Varaince explanantion
I didn't understand the whole thing. Can explain it further?
1 answers ( 0 marked as helpful)
Hello Fred,
Variance is simply a measure of the dispersion of the data points in a given dataset around the mean. In other words, it shows how far the different data points in a given dataset are from the mean. The variance statistic concerns the variability of the values we have around the mean of the population or the sample we are dealing with.
Kind regards,
Kyrillos