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Variance is a measure of variability in statistics that assesses the average squared difference between data values and the … Standard deviation the standard deviation is derived from variance and tells you, on average, … · variance is a measurement of the spread between numbers in a data set. · variance is a number that tells us how spread out the values in a data set are from the mean (average). The other variance is a characteristic of a set of observations. Investors use the variance equation … When variance is calculated from observations, those …