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Most sets of knowledge, including commodity returns and share charges, have possibly a optimistic skew, a curve skewed towards the still left of the normal info, or negative skew, a curve skewed to the ideal of the standard information.
Variance:Â Variance is really a representation from the quantity interval inside of a established of knowledge. The variance calculates the main difference through the suggest For each and every ingredient in the collection. The variance may perhaps help in evaluating the danger that a person can take into account when paying for or purchasing an asset.
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