![]() ![]() Variance plays a significant role in Statistics. What is Variance?īefore stepping into calculating variance using R, we need to have a basic understanding of the variance. In the following sections, we will cover how we find variance in R. It consists of built-in functions to calculate the variance easily. R is one of the most commonly used languages for analytics. So, with the help of technology, we can now easily calculate the variance using statistical software or different languages. However, it will consume lots of our valuable time. ![]() Variance is mainly used in descriptive statistics, statistical inference, hypothesis testing, the goodness of fit, and Monte Carlo sampling, etc. It is one of the most popular “measures of spread,” which is used to define how data points are varied from a particular data point. Even if you are new to Statistics or Data Science, you must have at least a brief knowledge about the variance. ![]()
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