Define variance and S.D. along with their properties.
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Standard deviation looks at how spread out a group of numbers is from the mean, by looking at the square root of the variance. The variance measures the average degree to which each point differs from the mean—the average of all data points
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Step-by-step explanation:
Standard deviation and variance are basic mathematical concepts that play important roles throughout the financial sector, including the areas of accounting, economics, and investing. In the latter, for example, a firm grasp of the calculation and interpretation of these two measurements is crucial to the creation of an effective trading strategy.
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