How To Calculate Variance In Excel
What Is Variance? “Variance” is a way to measure the average distance from the mean. The “mean” is the sum of all values in a dataset divided by the number of values. Variance gives us an idea of whether the values in that data set tend, on average, to stick uniformly to the mean or scatter all over the place. Mathematically, variance isn’t that complex: So as you can see, it’s not a hard value to calculate....