VARIANCE

VARIANCE

Research of the word VARIANCE which has been used or is under

discussion by the 8 am coffee group at the Wescoats – Five Points Arby's.

Variance is a noun, the fact or quality being different, divergent, or

` inconsistent..

Synonyms: difference, variation, discrepancy, disagreement, conflict,

divergence, deviation, contradiction, imbalance, incongruity .

The state of fact of disagreeing or quarreling and in law a

discrepancy between two statement of documents.

Source: Google dictionary.

***

In probability theory and statistics, variance, is the expectation of the

squared deviation of a random variable from its mean, informally, it

measures how far a set of randon numbers are spread out from their

average value. Variance has a central role in statistics where some ideas

that use it include descriptive statistics, hypothesis and goodness of fit.

Variance is an important tool in the sciences. The variance is the square

of the standard deviation, the second central moment of a distribution

and the covariance of the random variable with itself and is represented

by o.2, s.2 or VAR (X)

SOURCE: WIKIPDIA

***

Variance is a measurement of the spread between number in a date set and measures how far each number in the set is from the mean. Variance is

calculated by taking the difference between each number in the set and

the mean, squaring the difference to make them positive and dividing the

sum of the squars by the number of values in the set.

SOURCE: INVESTOPIDA.COM

I sure hope you consider all above the next time you use VARIANCE.

By Harrison H. for Facebook readers. 11/26/18.