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Variance and standard deviation are fundamental statistical measures that indicate how much the values in a dataset deviate from the mean. Variance measures the average squared deviation from the mean, while standard deviation is the square root of variance, providing a more interpretable measure of dispersion. Both concepts are crucial in engineering, particularly in analyzing data, modeling uncertainty, and solving partial differential equations (PDEs).
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Term: Mean (Average)
Definition: The mean is calculated by summing all data points and dividing by the number of points, providing a measure of central tendency.
Term: Variance
Definition: Variance quantifies the spread of data points from their mean and is calculated as the average of the squared differences.
Term: Standard Deviation
Definition: Standard deviation is a measure of dispersion that is the square root of variance, providing insights in the same units as the original data.
Term: Properties of Variance and SD
Definition: Both variance and standard deviation are non-negative, affected by outliers, exhibit additive properties for independent variables, and have scaling rules.