Variance - Clearly Explained (How To Calculate Variance)

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Steven Bradburn

3 жыл бұрын

In this video, I’m going to clearly explain what variance is in statistics. I will also show you how to calculate variance by using a very simple example.
VIDEO CHAPTERS
00:00 Intro
00:14 Definition of variance
00:28 How to calculate variance (example)
03:19 Calculating standard deviation from variance
03:54 Plotting the standard deviation
04:36 Variance for sample vs population
05:34 Summary
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Пікірлер: 112
@hitmanLis
@hitmanLis Жыл бұрын
super clear. to the point. no excess details! just perfect pace, flow, and details, wow!
@StuffOffYouStuff
@StuffOffYouStuff 4 ай бұрын
absolutely brilliant! The simplest and clearest explanation yet, without starting with the equations too which just confuses people! You're a genius! Thanks
@conornoble6205
@conornoble6205 2 жыл бұрын
These are great videos you're doing here. I just started an online statistics course and your explanations have been helping out a lot! Thanks!
@Borg8
@Borg8 2 жыл бұрын
Awesome! This video is perfect on each level. You speak loud and clear, Explanation are perfect, The video devided to topics. Thank you for your effort!
@desertezz
@desertezz Жыл бұрын
One of the best explanations of variance I've ever seen.
@jakesparrow5716
@jakesparrow5716 3 ай бұрын
Finally a video answering my question in a straight forward manor. What I'd struggled to get a clear explaination on was both interpreting the variance/St dev as well as what there significance was relative to the average.
@SharedDestiny
@SharedDestiny 2 жыл бұрын
Thanks a lot. You are a great teacher sir. So easy to understand. Do keep sharing. You are helping people at large and contributing to their success.
@stephenscott5044
@stephenscott5044 Жыл бұрын
This was so clear. Super helpful. Thank you!
@Mr.E6969
@Mr.E6969 10 ай бұрын
Thank you 🙏 you explained it a thousand standard deviations better than my professor. You're a life saver!
@Mel-nc3yo
@Mel-nc3yo Жыл бұрын
Very well explained. Finally understand!
@absentbydefault
@absentbydefault 10 ай бұрын
Simple and clean, thanks
@Unknowing0011
@Unknowing0011 11 ай бұрын
Thanks for the very clear explanation.
@lettuce8897
@lettuce8897 2 жыл бұрын
Thank you so much! I have a machine learning and artificial intelligence module in university and I did not take focus on maths as one of my modules before university so I was really confused when I first encountered it. This helped me understand it a lot and you talk very clearly and concisely.
@alishamichelle166
@alishamichelle166 4 ай бұрын
Thank you! I understood every word!
@nurmohammad2979
@nurmohammad2979 6 ай бұрын
Well explained. I am working on spatial analysis of variance of climate datasets, this video helped me to clearly understand what variance is and where to apply!
@Non-Existent03
@Non-Existent03 Жыл бұрын
Thank you. I understand so well the concept.
@trolltoll440
@trolltoll440 Жыл бұрын
Thank you for making a video that was so easy to understand that i was able to watch while trimming my armpit hair
@financenanchahal8801
@financenanchahal8801 2 жыл бұрын
Amazingly explained.....
@aleksandrapopov1676
@aleksandrapopov1676 2 жыл бұрын
Super cool explanation !!!! Thank you!
@gdm_music
@gdm_music 7 ай бұрын
love these kind of tutorials
@thedataprofs3867
@thedataprofs3867 Жыл бұрын
Clear and concise, great video!
@StevenBradburn
@StevenBradburn Жыл бұрын
Thanks for the feedback
@fridaa.l.2191
@fridaa.l.2191 2 жыл бұрын
Thank you very much, with your videos I have been able not just to understand, but also to love more statistics. :) Greetings from Mexico.
@StevenBradburn
@StevenBradburn 2 жыл бұрын
Excellent! Thanks for the feedback Frida
@ZainYMijbil
@ZainYMijbil 3 ай бұрын
Cheers. It is very helpful (simple, neat, and elegant)
@chocoberry434
@chocoberry434 10 ай бұрын
i wanna say thank you so much that im crying because now i really know what variance and standar deviation is😭😭😭✨✨✨ your explanation is everything! this helps me a lott!
@AliMateen
@AliMateen 2 жыл бұрын
Concise and complete
@katalinbrigittapetho4982
@katalinbrigittapetho4982 8 ай бұрын
Thank you so much for this video! It is just perfect!
@aproxymatt
@aproxymatt 8 ай бұрын
Massively helpful thank you
@krishnateja7728
@krishnateja7728 2 күн бұрын
Amazing!! Lovely explanation.
@user-im8ei6lq2o
@user-im8ei6lq2o 2 жыл бұрын
Awesome video thanks for the video, dear! 😎
@marcao121
@marcao121 Жыл бұрын
thanks and well explained
@Ms.Hanaaa_Hammam_English
@Ms.Hanaaa_Hammam_English Жыл бұрын
incredible, thanks a lot
@user-gz2yn9zr2y
@user-gz2yn9zr2y 2 жыл бұрын
thats great... thanks.
@thegreenlandshark6086
@thegreenlandshark6086 2 жыл бұрын
Thanks awesome explnantion
@sas.nimastig8118
@sas.nimastig8118 8 ай бұрын
My guy did something in 5 mins that my uni teacher couldn't do in 3 months🤣❤
@jaimedpcaus1
@jaimedpcaus1 3 жыл бұрын
Just awesome!
@vindyakelum90
@vindyakelum90 10 ай бұрын
Awesome nicely explained ❤❤
@edwindsouza7157
@edwindsouza7157 4 ай бұрын
nicely explained
@osnatcsillag8596
@osnatcsillag8596 Жыл бұрын
thank you!!!
@e.s298
@e.s298 Жыл бұрын
Thanks,so clear(:
@riyamary07
@riyamary07 5 ай бұрын
Thank you ❤
@RachelLovelace
@RachelLovelace Жыл бұрын
Question: Why variance? I understand why Standard Deviation, but how does using variance clarify our data for interpretation? Thank you for the great video.
@nielsnaser4793
@nielsnaser4793 Жыл бұрын
i have the same question, i cant find it anywhere on the internet
@tahaanouar2453
@tahaanouar2453 Жыл бұрын
You're right I've been searching for an explanation to this without finding a clear answer, I only found out that the Mean Absolute Deviation is more inituitive measurement of spread for me...
@nielsnaser4793
@nielsnaser4793 Жыл бұрын
@@tahaanouar2453 ive found the answer, variance is needed because further in statistics the variance should be the same between multiple variables. (variables that you set up against eachother) if one variance is bigger then the other your fucked. So for now remember that this is something for example a anova test.
@fathoniam8997
@fathoniam8997 10 ай бұрын
wow, super clear.
@minecraftrtx2894
@minecraftrtx2894 2 жыл бұрын
Thank you
@evelyntromp789
@evelyntromp789 6 ай бұрын
Amazing!!!!
@user-gc9vr4rv3p
@user-gc9vr4rv3p Жыл бұрын
Tq sir very good explanation
@Cheesecake99YearsAgo
@Cheesecake99YearsAgo Жыл бұрын
Good explanation Would be better if you could include maybe 3 to 5 examples so we have a better sense of how it works
@richpeacock
@richpeacock 4 ай бұрын
excellent
@couragee1
@couragee1 2 жыл бұрын
thank you
@ekramulhaque
@ekramulhaque Жыл бұрын
great video
@user-ig2ej6gw8n
@user-ig2ej6gw8n 9 ай бұрын
Thanks
@jackfrancis4528
@jackfrancis4528 Жыл бұрын
Hello. Great video. I am curious what benefit using variance has over standard deviation. In what situation would I use variance instead? Thank you
@stingwray6404
@stingwray6404 2 жыл бұрын
Essentially variance’s only use is to calculate standard deviation, which is actually helpful to interpret data 😂
@kingler199
@kingler199 2 жыл бұрын
HAHAHA THIS IS THE CONCLUSION THAT I HAVE ARRIVED TO
@RachelLovelace
@RachelLovelace Жыл бұрын
Right?!
@shimasfaris2917
@shimasfaris2917 Жыл бұрын
Literally 😂
@borabozdogan1998
@borabozdogan1998 Жыл бұрын
You're right but it's a little more complicated than that. The variances of independent variables can be add up, but the standart deviations can't (because when we take the root of each variance individually and then sum them up we get a biased result) Also the variance has plenty of mathematical uses, which the standart deviation can't achieve. Hope this helped
@jacobstrength3945
@jacobstrength3945 8 ай бұрын
It’s also used when determining standard error, which is used for determining margins of error.
@daphnepolemi6557
@daphnepolemi6557 2 жыл бұрын
THANK YOU!
@StevenBradburn
@StevenBradburn 2 жыл бұрын
Very welcome
@muhammadomarkhayyamkhan3593
@muhammadomarkhayyamkhan3593 7 ай бұрын
Whey we need variance and where do we use ? Please explain. It was good explanation.
@annamelody5724
@annamelody5724 6 ай бұрын
Hi, i have a line of data which consists of these numbers {4, 3, 5, 6 ,4, 5, 7,6,5,4} and i have Mean = 4,9 and the variance of 1.4333. My question is, is this variance considered high or low ?
@sandorattilapabar6773
@sandorattilapabar6773 3 жыл бұрын
Finally! Statistic basics, where I doesn't fall asleep.
@user-wt2by1xt7z
@user-wt2by1xt7z Жыл бұрын
Tnx
@alihayati7
@alihayati7 Жыл бұрын
First of all, great video. Second, can u please explain why we get ZERO if we don't square. Thanks 😊
@sindre5988
@sindre5988 2 ай бұрын
So fucking good, never stop
@joymia2109
@joymia2109 2 жыл бұрын
Very well expained
@StevenBradburn
@StevenBradburn 2 жыл бұрын
Thanks :)
@joymia2109
@joymia2109 2 жыл бұрын
@@StevenBradburn no, Thank you.
@OnerousEthic
@OnerousEthic 2 жыл бұрын
That is one definition of The Variance; here is mine: it is the rule by which one dimensional scalar data is converted to two dimensional data to map one dimensional (linear) data into two dimensional (probability) space. It is based upon geometry and Pythagorean Theorem. Does that make sense? Here is another definition: it is a square in imaginary space, the area of which is the sum the areas of all the individual variances, and it is a two dimensional probability space. We calculated it was integration. We can reduce the space from two dimensions into one by taking the square root of that scaler. That is the standard deviation. The standard deviation is the square root of the variance. 2:48: 28.4 is the radius of the circle in the space that was constructed from the data. It is the hypotenuse of a triangle that was constructed by adding the “Areas of Deviance” from the data points. 3:00 Because the Variance is the hypotenuse of a triangle that was constructed from the products of right triangles, we may use The Pythagorean Theorum to calculate its length by finding the square root. YW! Upvotes please!
@Sam-vz8gn
@Sam-vz8gn 2 жыл бұрын
How would to represent variance using a two dimensional graph & what would it represent? How would it be different from that of Standard deviation?
@OnerousEthic
@OnerousEthic 2 жыл бұрын
@@Sam-vz8gn I made a mistake! It is the standard deviation that is the hypotenuse: The standard deviation is the square root of the variance! I am in the process of re-writing my post until further notice…
@FrankT860
@FrankT860 3 ай бұрын
Really good video. One question. When can we say that the variance is low or high? is there any kind of global value to refer to the data when the variance is low or high? Really good video.
@johnvincentraj
@johnvincentraj 2 жыл бұрын
What is the value of Standard Deviation were the observations are the lengths in days of the 12 different months in a leap year ?
@Joseph_757w
@Joseph_757w 14 күн бұрын
Binance's CEO discusses future developments in an exclusive interview - don't miss it
@furkananlar6794
@furkananlar6794 Жыл бұрын
king
@mtuncrr
@mtuncrr 4 ай бұрын
I don't know how many ways there are to calculate the variance but I calculate it by (EX^2-(EX)^2/N)/N
@Ruth_85u0
@Ruth_85u0 14 күн бұрын
Business memo: specifics of refunds and the actions to anticipate
@donnetteblake5108
@donnetteblake5108 2 жыл бұрын
Is there a easier way to find the variance
@donnetteblake5108
@donnetteblake5108 2 жыл бұрын
Is there a easier way to get 5he variance
@bigsassyster
@bigsassyster Жыл бұрын
If I pull a card to try for the ace of spades (1/52 chance) and I win $500 each time I do, and $0 all the other times, how do I calculate the variance? each pull would be 1/52 (not 1/52 then 1/51 then 1/50...)
@gonzalomunozg
@gonzalomunozg 2 жыл бұрын
The “n” of the population variance should be “N”
@josephdlastrilla
@josephdlastrilla 8 ай бұрын
Supposed to be divided by 6?
@user-lm2oe9wi5h
@user-lm2oe9wi5h 8 ай бұрын
Are the data points really obtainted from a sample population ? Why did he consider all the data sets in that case?
@Wonda-m3b
@Wonda-m3b 14 күн бұрын
Don't miss the exclusive interview with Binance's CEO for a glimpse into the future
@subhadipmondal4555
@subhadipmondal4555 11 ай бұрын
This type of explanation, I called them " BULLSEYE EXPLANATION " !!
@santisav2
@santisav2 Жыл бұрын
But why n-1.
@theobserver8881
@theobserver8881 Ай бұрын
cuz the mean has been subtracted from each value, so one less value.
@im-Anarchy
@im-Anarchy Жыл бұрын
please tell couldn't we have just taken sum of absolute values rather squaring them
@Jennifer__c3z5
@Jennifer__c3z5 15 күн бұрын
What lies ahead? Exclusive interview with Binance's CEO offers insights into future developments
@yiguy5ed6ugh8h7
@yiguy5ed6ugh8h7 11 ай бұрын
Variance ---> SD ---> SE Welcome
@Mobliephone
@Mobliephone 2 жыл бұрын
I don't understand one thing .......why should we square the values that we have subtracted from mean.........I am tense about this question
@harisudhan8481
@harisudhan8481 Жыл бұрын
If you don't square, the sum would be zero. To avoid that we square and add them
@Mobliephone
@Mobliephone Жыл бұрын
@@harisudhan8481 Yeah your right....!
@Mobliephone
@Mobliephone Жыл бұрын
@@harisudhan8481 But can't we take values as it is!!??
@Anthony__7m1
@Anthony__7m1 21 күн бұрын
Whoops! A system error led to the transaction being sent to an invalid email.
@Gascoigne1
@Gascoigne1 5 ай бұрын
Jay Pillai gang
@seb1452
@seb1452 Жыл бұрын
hej
@RubenJoseph-dk3wx
@RubenJoseph-dk3wx 4 ай бұрын
I'd not understand about standard variance
@sahnounhbib9028
@sahnounhbib9028 9 ай бұрын
Why 6-1
@mtuncrr
@mtuncrr 4 ай бұрын
sample variance = n-1, population variance = n
@Daniel_3k0q
@Daniel_3k0q 14 күн бұрын
Get ready, brace yourself for important refund info
@egemenbags5465
@egemenbags5465 4 ай бұрын
You did nothing explained for whole of the video
@Franckzzz
@Franckzzz 4 ай бұрын
I think it’s maybe because your English is not good enough to comprehend what he is teaching.
@egemenbags5465
@egemenbags5465 4 ай бұрын
@@Franckzzznah my english is pretty enough to understand these type of videos but in the video he explained nothing he just showed us how variance is calculated. This is not an explanation of what variance is.
@salimmayan9646
@salimmayan9646 11 ай бұрын
Thank you
@aniruddhakumar6
@aniruddhakumar6 Жыл бұрын
thank you
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