Variance measures how spread out a group of numbers is. It’s like an average of how close each each observation is to the mean. Variance is a more accurate measure of variation than the range or average deviation, as it takes into account every single data point in a set, and it’s not always zero, making it useful for comparing different data sets.
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What does the variance measure in a data set?
Why is variance considered a better measure of variation than the range?
What does a variance of zero indicate?
Why do we square the deviations when calculating variance?
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