Economics
Variance from standard deviation
Variance from standard deviation measures the average squared spread of values around their mean.
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σ² = σ·σ
Solution- 01Given
- 02Calculation
- 03Answer
What it means
Variance from standard deviation measures the average squared spread of values around their mean.
How it works and where it is used
Use this calculation for comparing economic indicators and measuring averages, variation, and growth rates.