Variance and Standard Deviation Flashcards
1
Q
What is variance?
A
Distance between each individual value
2
Q
How do you calculate variance?
A
Sum of x^2/frequency - mean^2
3
Q
How do you calculate standard deviation?
A
Square root variance
4
Q
What is an alternative method to calculate variance?
A
SUM OF FREQUENCY X N^2/FREQUENCY - MEAN^2