Fundamentals of Mathematical Statistics (BCA) 1st Sem Previous Year Solved Question Paper 2022

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17.

Define variance.

Explanation

Variance is a statistical measure that quantifies the spread or dispersion of data points in a dataset. It provides information about how individual data values differ from the mean (average) of the dataset, highlighting the variability or scatter of the data. Variance is calculated by taking the average of the squared differences between each data point and the mean.