Measure of statistical dispersion about the mean.
The larger the variance, the further individual values of the random variable (observations) tend to be from the mean, on average.
See: Standard deviation (SD), Standard error (SE).
Measure of statistical dispersion about the mean.
The larger the variance, the further individual values of the random variable (observations) tend to be from the mean, on average.
See: Standard deviation (SD), Standard error (SE).