Cortez, Faith Ann

11/8/22
BSMT 2 Prof. Cecilio Ichon,
RMT

Reaction Paper 6:
Insight about How to get the Variance

In today's task, I learnt how to

calculate variance. The expectation of a
random value's square divergence from its
population sample mean is known as the
variance. It serves as a measure of
dispersion, which quantifies how widely a
set of statistics would deviate from an
average. Variance is a measure of dispersion that, in contrast to range and
quartile range, considers the size of all data sets. Each data set's mean square
deviation from the distribution's center, as determined by the mean, represents
the variation.
Variance in probability refers to how far a random variable deviates from its
predicted value. The average of the squares of the discrepancies between the
actual and expected values is known as the variance. Instead of utilizing more
general mathematical procedures like grouping numbers into quartiles,
statisticians employ variance to examine how distinct numerical values relate to
one another within a data collection. Variance has the benefit of treating all
departures from the mean equally regardless of their direction. The average of
the squared deviations from the mean is referred to as a variance. Calculate the
difference between each data point and the mean to determine the variance.
Once you've done that, square the numbers and take the average.
References:
https://www.investopedia.com/ask/answers/021215/what-
difference-between-standard-deviation-and-variance.asp