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Variance and standard deviation are measures of spread used to describe the shape of distributions associated with the mean. While two distributions may have the same mean, their variance and standard deviation can show that they have very different shapes. To calculate variance and standard deviation, you first find the deviation of each value from the mean, square the deviations, and sum them. You then divide the sum by n-1 to get the variance, and take the square root of the variance to find the standard deviation.




