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Variance: Variance is really a illustration from the amount time period in just a set of knowledge. The variance calculates the primary difference in the mean for every component in the collection. The variance may perhaps help in assessing the chance that a person can consider when purchasing or purchasing an asset.

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Ans: The purpose of statistics is to teach people how to succeed in a selected summary n but using the aspects obtainable at hand. It helps in accumulating, analyzing, and knowing the elements in any field of analyze.

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