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Which statement best explains Variance?

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Question ID #26248 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Statistics Sectional Test 2026 Medium

Which statement best explains Variance?

Correct Answer: A. Average squared deviation from the mean, according to the chosen population or sample formula
Variance: Average squared deviation from the mean, according to the chosen population or sample formula

Question: Which statement best explains Variance?

A. Average squared deviation from the mean, according to the chosen population or sample formula

B. Relationship in which variables tend to move in the same direction

C. Difference between maximum and minimum values

D. Standard deviation expressed relative to the mean, commonly as a percentage

Correct Answer: A. Average squared deviation from the mean, according to the chosen population or sample formulaVariance: Average squared deviation from the mean, according to the chosen population or sample formula

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Which statement best explains Variance? - MCQ Explanation

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Correct answer: A. Average squared deviation from the mean, according to the chosen population or sample formula