Variance: meaning, definitions and examples
๐
variance
[ หvษหrษชษns ]
statistics
The extent to which data points differ from the mean. It is a measure of how spread out a set of values are from the average value.
Synonyms
dispersion, spread, variability
Examples of usage
- The variance of the data set is used to understand the dispersion of the data points.
- A high variance indicates that the data points are spread out widely.
finance
In finance, variance refers to the squared deviation of a random variable from its expected value. It is used to measure the risk or volatility of an investment.
Synonyms
Examples of usage
- Investors use variance to assess the potential fluctuations in the value of their investments.
- A low variance indicates that the investment is relatively stable.
Translations
Translations of the word "variance" in other languages:
๐ต๐น variรขncia
๐ฎ๐ณ เคชเฅเคฐเคธเคฐเคฃ
๐ฉ๐ช Varianz
๐ฎ๐ฉ varian
๐บ๐ฆ ะดะธัะฟะตัััั
๐ต๐ฑ wariancja
๐ฏ๐ต ๅๆฃ
๐ซ๐ท variance
๐ช๐ธ varianza
๐น๐ท varyans
๐ฐ๐ท ๋ถ์ฐ
๐ธ๐ฆ ุชุจุงูู
๐จ๐ฟ variabilita
๐ธ๐ฐ variabilita
๐จ๐ณ ๆนๅทฎ
๐ธ๐ฎ varianca
๐ฎ๐ธ dreifing
๐ฐ๐ฟ ะดะธัะฟะตััะธั
๐ฌ๐ช แแแ แแแชแแ
๐ฆ๐ฟ dispersiya
๐ฒ๐ฝ varianza
Word origin
The word 'variance' originates from the Latin word 'variantia', meaning 'difference' or 'diversity'. It first appeared in English in the 16th century. The concept of variance is widely used in statistics, finance, and other fields to quantify the variability or dispersion of data.
See also: unvaried, unvarying, variable, varied, variety, various, variously, vary, varying, varyingly.