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Variance, Standard Deviation of Random Variables (Part - 28) - Probability, Maths, Class 12 Video Lecture

FAQs on Variance, Standard Deviation of Random Variables (Part - 28) - Probability, Maths, Class 12 Video Lecture

1. What is the formula for calculating variance of a random variable?
Ans. The formula for calculating the variance of a random variable is given by Var(X) = E[(X - μ)^2], where X is the random variable and μ is the expected value or the mean of the random variable.
2. How is standard deviation related to variance?
Ans. Standard deviation is the square root of the variance. It provides a measure of the dispersion or spread of the values of a random variable around its mean. Mathematically, the standard deviation is calculated as the square root of the variance, i.e., SD(X) = √Var(X).
3. Can you explain the concept of variance with an example?
Ans. Sure! Let's consider an example. Suppose we have a random variable X representing the number of hours a student studies per week. Let's say the expected value or mean of X is 10 hours. Now, let's say we have the following data points for X: 8, 9, 10, 11, 12. To calculate the variance, we first find the deviation of each data point from the mean (10 - X), square each deviation, and then calculate the average of the squared deviations. This average is the variance and measures the average squared deviation of the data points from the mean.
4. How is variance useful in probability and statistics?
Ans. Variance is a key concept in probability and statistics as it provides a measure of the variability or dispersion of a random variable. It helps in understanding how spread out the values of a random variable are around its mean. In addition, variance is used in various statistical analyses, such as hypothesis testing and regression analysis, to assess the significance of differences or relationships between variables.
5. What are the units of variance and standard deviation?
Ans. The units of variance are the square of the units of the random variable. For example, if the random variable represents the height of individuals in centimeters, then the units of variance will be square centimeters. Similarly, the units of standard deviation are the same as the units of the random variable. In the given example, if the random variable represents height in centimeters, then the units of standard deviation will be centimeters.
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