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How widely spread out, or tightly concentrated about the mean the observations are.
More importance can be attached to observations which are either of greater importance, accuracy (lesser variance).
The n-1 indicates that the calculation is being expanded from a sample of a population to the entire population. Bessel's correction(the use of n − 1 instead of n in the formula) is where n is the number of observations in a sample: it corrects the bias in the estimation of the population variance, and some (but not all) of the bias in the estimation of the population standard deviation. That is, when estimating the population variance and standard deviation from a sample when the population mean is unknown, the sample variance is a biased estimator of the population variance, and systematically underestimates it.
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
To see if there is a linear relationship between the dependent and independent variables. The relationship may not be linear but of a higher degree polynomial, exponential, logarithmic etc. In that case the variable(s) may need to be transformed before carrying out a regression. It is also important to check that the data are homoscedastic, that is to say, the error (variance) remains the same across the values that the independent variable takes. If not, a transformation may be appropriate before starting a simple linear regression.
A mix of linear regression and analysis of variance. analysis of covariance is responsible for intergroup variance when analysis of variance is performed.
In regression analysis , heteroscedasticity means a situation in which the variance of the dependent variable varies across the data. Heteroscedasticity complicates analysis because many methods in regression analysis are based on an assumption of equal variance.
In statistics, variance measures how far apart a set of numbers is spread out. If the numbers are identical, the variance is zero. Variance can never be negative.
0. When all the observations have the same value.
1- observations are from normally distributed populations. 2- observations are from populations with equal variances.
The F stat tests the equality of variances. It uses statistical tables for reference and is calculated with F = Variance 1 (max)/variance 2(min).
Stanton A. Glantz has written: 'Clinician's Pocket Drug Reference 2002' 'Book and Windows Software' 'Primer Biostatistics' 'Primer of Applied Regression & Analysis of Variance' -- subject(s): Analysis of variance, Biometry, Regression analysis 'Primer of Biostatistics, IBM' 'Tobacco War'
It equals 14641.
How widely spread out, or tightly concentrated about the mean the observations are.
More importance can be attached to observations which are either of greater importance, accuracy (lesser variance).
David J. Saville has written: 'Statistical methods' -- subject(s): Regression analysis, Geometry, Analysis of variance
Variance = 0 means they are all the same. So the question is simplified to: what 5 identical values have a mean of 20. Since they are identical, their mean value is the same as themselves. So the answer, trivially, is [20, 20, 20, 20, 20].