Statistics Blog

100th Anniversary of Variance

December 28th, 2018 by boxplotanalytics

This year (2018) is the 100th anniversary of a paper by R. A. Fisher, which introduced the statistical term “variance”. Variance is one of the toughest concepts in statistics, but it’s crucially important. Variance tells you how spread out your data are (yep, “are”; the word “data” is plural!). First, let’s get some terminology out of […]

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