Which of the following statements is true about variance?
A) Variance describes how spread out a set of numbers or values is around its mean or average.
B) Variance is essentially the variability from the average.
C) The larger the variance, the greater the dispersion.
D) All of the above statements are true.

Question

Quizplus · Accepted Answer

All three statements are true about variance. Variance is a statistical measure that describes how spread out a set of numbers or values is around its mean or average. It is essentially the variability from the average, and the larger the variance, the greater the dispersion of the data.

Which of the Following Statements Is True About Variance