La desviación estándar y la varianza son conceptos fundamentales en estadística y teoría de la probabilidad, utilizados para medir la dispersión de un conjunto de datos. La varianza se calcula restando el valor medio de cada observación, elevando al cuadrado las diferencias resultantes y sumándolas.
Observing that The larger the variance, the larger
the variability.
Standard Deviation
The standard deviation is the measure of dispersion used most often
It's the square root of "s2"
Letter "s" Stands for Standard Deviation
A quantity calculated to indicate the extent of deviation for a group as a whole.
Advantage
They take into account all the values of a variable.
Variance
The formula means that from every
observation () you have to subtract the mean
value of that variable (̅). Next, you have to
square all these values and add them up
s2 stands for the variance
In probability theory and statistics, variance is the expectation of the squared deviation of a random variable from its mean.