Question

What is the variance?

Answer 1

Variance is the squared deviation and deviation is the difference of observed value from other values

Explanation:

Variance is the squared deviation and deviation is the difference of observed value from other values

`variance=\text({standard deviation})^2`

`Variance=\sum((x-\mu)^2)/(N)`

Where,
`\mu=\text{mean},N=\text{Number of sample space}`