Can you explain the difference between the variance and standard deviation?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/10/07

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by Mustafa Sadeq , Construction Manager , BizSolutions 360 Inc.

• Both variance and standard deviation are measures of spread of values in any data.

• Variance is calculated by taking the mean of the squares of individual differences from the mean of the sample

• Standard deviation is the square root of the variance.

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