"Variances" Pronounce,Meaning And Examples

"Variances" Meaning

The word "variances" refers to differences or differences in quantity or quality between things. It can also refer to the amount or degree of difference.

In a mathematical sense, variances can refer to the mean squared difference between each observation and the mean in a data set. In statistics, variance is a measure of how spread out the data is from the mean value.

In a broader sense, variances can also refer to discrepancies or inconsistencies, such as variances in opinions, attitudes, or behaviors.

"Variances" Examples

Usage Examples for "variances"

1. Quantitative Variance

The developer was tasked with identifying variances in the statistical models to optimize their performance.

2. Physical Variance

The new policy aims to reduce variances in weight among products output by the manufacturing line.

3. Contextual Variance

The inconsistent results from the survey showed significant variances, indicating the need for data normalization.

4. Precedence and Regulation Variance

The company had to address the legal variances in employee salaries to comply with the new labor law.

5. Reading and Transmission Variance

The design team worked on minimizing variances between video streams to achieve uniform presentation quality in the broadcast.