What is the other name of variance?

What is the other name of variance?

What is another word for variance?

difference deviation
variation conflict
distinction imbalance
diversity disparity
dissimilitude unlikeness

What is another word for variance in statistics?

an instance of varying; difference; discrepancy. Also called mean square deviation. Statistics. the square of the standard deviation.

What is another word for variation or variability?

Alternate Synonyms for “variability”: variableness; variance; changeableness; changeability. unevenness; irregularity; unregularity.

Is variance another word for standard deviation?

The variance is the average of the squared differences from the mean. Standard deviation is the square root of the variance so that the standard deviation would be about 3.03. Because of this squaring, the variance is no longer in the same unit of measurement as the original data.

How do you explain variance in words?

Definition of variance

  1. 1 : the fact, quality, or state of being variable or variant : difference, variation yearly variance in crops.
  2. 2 : the fact or state of being in disagreement : dissension, dispute.
  3. 3 : a disagreement between two parts of the same legal proceeding that must be consonant.

What is variance and its uses?

Variance is a measurement of the spread between numbers in a data set. Investors use variance to see how much risk an investment carries and whether it will be profitable. Variance is also used to compare the relative performance of each asset in a portfolio to achieve the best asset allocation.

What is the antonym of variance?

What is the opposite of variance?

agreement harmony
similarity accord
congruity correspondence
unison likeness
resemblance sameness

What is difference between standard deviation and variance?

Variance is a numerical value that describes the variability of observations from its arithmetic mean. Standard deviation is a measure of the dispersion of observations within a data set relative to their mean. Variance is nothing but an average of squared deviations.

Who has firstly use the term variance?

History. Karl Pearson, the father of biometry, first used the term variance as follows: “It is here attempted to (show) the biometrical properties of a population of a more general type that has (..) been examined, inheritance in which follows this scheme.

How is variance defined?

In statistics, variance measures variability from the average or mean. It is calculated by taking the differences between each number in the data set and the mean, then squaring the differences to make them positive, and finally dividing the sum of the squares by the number of values in the data set.

What does the name varience mean?

The term variance refers to a statistical measurement of the spread between numbers in a data set . More specifically, variance measures how far each number in the set is from the mean and thus from every other number in the set.

What is another word for variance?

variance(noun) the second moment around the mean; the expected value of the square of the deviations of a random variable from its mean value. Synonyms: discrepancy, variableness, division, variant, variability, variation, disagreement, divergence.

Is variation the same as variance?

variance | variation |. is that variance is the act of varying or the state of being variable while variation is the act of varying; a partial change in the form, position, state, or qualities of a thing.

What is an antonym for various?

diverse, various(adj) distinctly dissimilar or unlike. “celebrities as diverse as Bob Hope and Bob Dylan”; “animals as various as the jaguar and the cavy and the sloth”. Antonyms: unvarying, same, unvaried, common. Synonyms: divers(a), respective(a), diverse, versatile, assorted, several(a), various(a)