Meaning of variance

Definition of variance

(noun) an event that departs from expectations
discord that splits a group
the second moment around the mean; the expected value of the square of the deviations of a random variable from its mean value
a difference between conflicting facts or claims or opinions; "a growing divergence of opinion"
an official dispensation to act contrary to a rule or regulation (typically a building regulation); "a zoning variance"
an activity that varies from a norm or standard; "any variation in his routine was immediately reported"

Other information on variance

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