Google       

AddThis Social Bookmark Button Post this question to del.icio.us   Post this question to digg   Post this question to blinklist   Post this question to Furl   Post this question to YahooMyWeb   Simpify! this news item   Post this question to shadows   Post this question to Spurl   Post this question to BuddyMarks Social bookmark this page

Free US Law Dictionary

BETA

BROWSE TERMS: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

FIND TERM:

Variance

In probability theory and statistics, the variance of a random variable, probability distribution, or sample is one measure of statistical dispersion, averaging the squared distance of its possible values from the expected value (mean). Whereas the mean is a way to describe the location of a distribution, the variance is a way to capture its scale or degree of being spread out. The unit of variance is the square of the unit of the original variable. The positive square root of the variance, called the standard deviation, has the same units as the original variable and can be easier to interpret for this reason.

The variance of a real-valued random variable is its second central moment, and it also happens to be its second cumulant. Just as some distributions do not have a mean, some do not have a variance. The mean exists whenever the variance exists, but not vice versa.

Related Law Blog Posts

Lawyers and Law Students! Can you improve this definition? Send us your improvements and we'll provide a link back to your website or blog.

Your Blog Subscriptions
Subscribe to blogs


Practice Area
Zip Code:

Contact a Lawyer Now!












Click here
0.3144 secs