In this video, I’m going to clearly explain what variance is in statistics. I will also show you how to calculate variance by using a very simple example.

VIDEO CHAPTERS
00:00 Intro
00:14 Definition of variance
00:28 How to calculate variance (example)
03:19 Calculating standard deviation from variance
03:54 Plotting the standard deviation
04:36 Variance for sample vs population
05:34 Summary

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