December 2017
Intermediate to advanced
386 pages
10h 42m
English
In probability theory and statistics, standard deviation and variance give us a feel of how far some numbers are spread out from their mean. Let's briefly examine each.
Measuring variance
Variance gives us a feel for the overall amount of spread of the values from the mean. It is defined as follows:
![]()
Essentially, this is stating that for each measurement, we calculate the value of the difference between the value and the mean. This can be a positive or negative value, so we square the result to make sure that negative values have cumulative effects on the result. These values are then summed up ...
Read now
Unlock full access