What Is a Variance?

Variance refers to the measure of dispersion of various data points in relation to the mean value. It is the quality of being divergent from the norm or differing from the acceptable rules of operation.
var·i·ance
[vair-ee-uhns]
NOUN
1.
the state, quality, or fact of being variable, divergent, different, or anomalous.
2.
an instance of varying; difference; discrepancy.
3.
Statistics. the square of the standard deviation.
4.
Physics, Chemistry the number of degrees of freedom of a system.
5.
an official permit to do something normally forbidden by regulations, especially by building in a way or for a purpose normally forbidden by a zoning law or a building code.
Source: Dictionary.com
Variance is the fact or quality of being different or inconsistent. The term can also refer to the state of disagreeing or quarrelling, or a discrepancy between two statements or documents.
Q&A Related to "What Is a Variance"
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Variance is the quality of being variable, difference between what is expected and what will actually occurs. A problem between two statements or documents in ...
Variance is the quality of being variable, difference between what is expected and what will actually occurs. A problem between two statements or documents in ...
Variance is the fact or quality of being different or inconsistent. The term can also refer to the state of disagreeing or quarrelling, or a discrepancy between ...