How to Calculate Variance of Observations?
Variance of Observations calculator uses Variance = Sum of Square of Residual Variation/(Number of Observations-1) to calculate the Variance, Variance of Observations is used to measure the dispersion or spread of observed values around the mean value. it is square of standard deviation. Variance is denoted by σ2 symbol.
How to calculate Variance of Observations using this online calculator? To use this online calculator for Variance of Observations, enter Sum of Square of Residual Variation (ƩV2) & Number of Observations (nobs) and hit the calculate button. Here is how the Variance of Observations calculation can be explained with given input values -> 1666.667 = 5000/(4-1).