What is another word for variance?

500 synonyms found


[ vˈe͡əɹi͡əns], [ vˈe‍əɹi‍əns], [ v_ˈeə_ɹ_iə_n_s]

Related words: variance in the market, covariance, variance in a population, variability

Related questions:

  • What is variance in statistics?
  • What is the variance of a variable?
  • What is the covariance matrix?
  • What is the coefficient of variation?

    Synonyms for Variance:

    How to use "Variance" in context?

    Variance is one of the most important concepts in statistics. Variance measures how much a distribution (a pattern of numbers) deviates from the norm. It helps us understand how likely it is for a particular observation to fall in one of the different parts of the distribution.

    Variance is calculated by taking the squared deviation of each observation from the mean and calculating the average of these deviations. This provides a measure of how dispersed or scattered the observations are.

    Variance is also important in accounting for chance. Chance is the phenomenon of failure to achieve a desired result due to the randomness of nature.

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