Variance

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Measure of spread around the mean.

Full Definition

Measure of spread around the mean.

Keywords

dispersion

Domains

Probability & Statistics

Related Terms

Covariance related to

Measures joint variability between variables.

 Correlation related to

Normalized covariance.

 Law of Large Numbers related to

Sample mean converges to expected value.

 Central Limit Theorem related to

Sum of independent variables converges to normal distribution.

 Random Variable related to

Variable whose values depend on chance.

 Probability Distribution related to

Describes likelihoods of random variable outcomes.

 Expectation related to

Average value under a distribution.

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