Variance is the exact average deviation of data values from the mean in squared units and the Standard deviation of data values from the mean in regular units.
Variance is a statistical measure of the dispersion of numbers in a data collection. Variance estimates how much more each number in the set deviates from the mean, and from each and every other number in the set.
The variance is a measure of the degree of variability. It is determined by averaging the squared deviations out of the mean.
The greater the spread of the data, the greater the variance in proportion to the mean.
The standard deviation is determined as the square root of variance by calculating the departure of each data point from the mean. The standard deviation represents the average level of variation in your dataset. It informs you how far each number deviates from the mean on average.
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