filadendron / Getty Images Standard deviation and variance are two basic mathematical concepts that have an important place in various parts of the financial sector, from accounting to economics ...

while the smaller standard deviation results in a CoV of 0.025, or 2.5%. Visually, the curve with less variation has a ...

that means calculated from samples taken from populations with less variation, would vary less from sample to sample. This would mean more precise point estimates. We call the standard deviation of ...

The most widely used measurements of variation are the standard deviation and variance. However, to calculate either of the two metrics, the sum of squares must first be calculated. The variance ...

Fact checked by Michael RosenstonReviewed by Somer AndersonFact checked by Michael RosenstonReviewed by Somer Anderson Standard deviation and variance are two basic mathematical concepts that have ...