Here are the steps to calculate variance and standard deviation from a data set: 1. Find the mean (average) of all the measurements. Add up all values and divide by the total number of measurements. 2. For each measurement, calculate the difference between that measurement and the mean. Square each difference. 3. Add up all the squared differences and divide by the total number of measurements minus 1. This gives the variance. 4. Take the square root of the variance. This gives the standard deviation. The standard deviation indicates how far the measurements spread out from the mean. A low standard deviation means the values are close to the mean, while a high standard deviation means they are more spread out.