Business Studies, asked by tantraybasit777, 9 months ago

write steps for calculation of variance and standard deviation and also calculate variance and standard deviation using hypothetical numbers​

Answers

Answered by princerayamwar8
0

Answer:

To calculate the variance, you first subtract the mean from each number and then square the results to find the squared differences. You then find the average of those squared differences. The result is the variance. The standard deviation is a measure of how spread out the numbers in a distribution are.

Step 1: Find the mean.

Step 2: For each data point, find the square of its distance to the mean.

Step 3: Sum the values from Step 2.

Step 4: Divide by the number of data points.

To calculate the variance follow these steps: Work out the Mean (the simple average of the numbers) Then for each number: subtract the Mean and square the result (the squared difference). Then work out the average of those squared differences.

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