Sample Variance Formula Meaning

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Sample Variance Formula Meaning. Find the mean of the data. Simple steps using a table.

Variance In Excel How To Calculate from www.investopedia.com

Calculate the mean (the average weight). If all possible observations of the system are present then the calculated variance is called the population . Simply put, the variance is a statistical measure of how spread apart data points are within a sample or data set.

Take the summation of the squares of .

Definition of sample variance · step 1: Definition of sample variance · step 1: Take the summation of the squares of . In addition to the mean .