How To Find Out Variance?

Find the mean of the data set

Subtract the mean from each value

Square each difference

Add all the squared differences

Divide by the number of values for population variance

Divide by the number of values minus 1 for sample variance

Use the formula: variance = sum of squared differences รท number of values

Use the formula: sample variance = sum of squared differences รท (number of values – 1)

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