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The document explains the concept of variance as a measure of how data points differ from the mean, highlighting its importance in distinguishing between data sets with the same mean and median. It details the calculation of variance and standard deviation, providing examples to illustrate their application in assessing consistency and variability in data. Additionally, it introduces the Coefficient of Variation (CV) as a tool for comparing variability across different data sets regardless of scale.

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arya.24bce7883

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EN