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Population Variance | Variance and Standard Deviation
Learning Statistics with Python
course content

Course Content

Learning Statistics with Python

Learning Statistics with Python

1. Basic Concepts
2. Mean, Median and Mode with Python
3. Variance and Standard Deviation
4. Covariance vs Correlation
5. Confidence Interval
6. Statistical Testing

bookPopulation Variance

Variance

Variance measures how much the numbers deviate from the mean.

Examine the distribution of salaries in our dataset.

Formula

The formula varies for the sample and population. In this chapter, we will calculate population variance.

Explanation

Population variance is calculated by summing the squares of the differences between each data point and the population mean, and then dividing by the number of elements in the population.

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Section 3. Chapter 1
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