Variance

Variance

Arithmetic mean of the squares of the deviations of a statistical variable in relationship the arithmetic mean of the distribution.

Formulas

  • In the case of an entire population, the variance is obtained by applying this formula:
    \(\dfrac {\sum \left( x_{i}-\mu \right) ^{2}} {N}\)
    In which μ represents the arithmetic mean of the distribution and \(N\) represents the number of data in this population.
  • In the case of a sample of this distribution, the variance is obtained by applying this formula:
    \(\dfrac {\sum \left( x_{i}-\overline {x}\right) ^{2}} {n-1}\)In which \(\overline {x}\) represents the mean of the data in the sample and \(n\) represents the number of data considered.

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