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MEASURE OF VARIABILITY

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MEASURE OF VARIABILITY

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SPREADING DATA

Created by

Eliah kim Rosales
Eliah kim Rosales
Philippines

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MEASURE OF VARIABILITYOnline version

SPREADING DATA

by Eliah kim Rosales
1

Variance is a measure showing how spread out numbers in a dataset are from their average ( ) , indicating data ; a low variance means data points are close to the mean , while a high shows they're widely scattered , calculated by averaging the squared from the mean , with its square root being the , useful for risk assessment in finance and testing statistical .

2

( \ ( \ sigma \ ) or \ ( s \ ) ) measures the of data points relative to their mean , indicating how spread out are in a dataset . A low standard deviation data is clustered tightly around the mean , while a high standard deviation indicates a wider .

 
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