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Glossary “V” Definition of Terms in DataMyte
Variability
The property of exhibiting changes or differences: in particular, in the product of a process.
Variables
Quantities which are subject to change or variability.
Variables Data
Concerning the measured values of a variable, as opposed to attribute data. A dimensional value can be recorded and is only limited in value by the resolution of the measurement system. Variance — The square of the standard deviation given by the formula.