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What is Variance
Variance is the degree of variability, the diversity of some measured values. The greater the variance, the more the values deviate from the average.

Related terms and methods:

  • Arithmetic mean
  • Coefficient of Variation
  • Control Chart
  • Median
  • Modus

Related discipline:

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Other information and sources (International)
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Last update: 28.05.2017


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