The variance is based on the
A)deviation about the median.
B)number of variables.
C)deviation about the mean.
D)correlation in the data.

Question

Quizplus · Accepted Answer

The variance is based on the deviation about the mean. It measures how far the data points are from the average (mean) of the dataset. The formula for variance involves taking the difference between each data point and the mean, squaring these differences, and then taking the average of these squared deviations. The result is a measure of the spread of the data around the mean, with larger variances indicating greater variability.

The Variance Is Based on the