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Variance Chart

Variance Chart - Its symbol is σ (the greek letter sigma) the formula is easy: It shows whether the numbers are close to the average or far away from. The variance is a measure of variability. Variance is a measure of variability in statistics. The standard deviation (sd) is obtained as the square root of. Variance is a number that tells us how spread out the values in a data set are from the mean (average). Variance tells you the degree of spread in your data set. ‘variance’ refers to the spread or dispersion of a dataset in relation to its mean value. A lower variance means the data set is close to its mean, whereas a greater variance. Unlike some other statistical measures of variability, it.

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