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Variance Formula
Every day life requires statistics and maths same as mathematicians use them in his course notebooks. This is reason why statistics is taught in grades ahead of your graduation or graduation. Statistics is very essential part of business, for marketing any product you need to have basic knowledge of mathematics. Practical application of a formula per say variance formula is that it helps marketer know how spread or how scattered market is. Skewness, moments and kurtosis are certain other terms to describe scattered market conditions for a particular product at workplace. Variance and standard deviation top the list of getting exact information of market place. Brand managers are people who are most concerned about what position of their brand is and how to make profit in least possible time. Formula of variance helps them a lot under process.
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