Meaning of the word variance in English

What does variance mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

variance

US /ˈver.i.əns/
UK /ˈver.i.əns/
"variance" picture

Noun

1.

the fact or quality of being different, divergent, or inconsistent

Example:
There was a significant variance in the test results.
The committee noted the variance between the two reports.
2.

the square of the standard deviation

Example:
In statistics, variance measures how far a set of numbers is spread out.
Calculating the variance is a key step in many statistical analyses.
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