Variance

Pronunciation: /ˈvɛriːəns/

Variance (noun)

  1. The amount by which something changes or is different from something else.
  2. A number showing how much data points in a set differ from the average.
  3. An official permission to do something differently from the usual rule.

Examples

  • There is a variance in the prices of these products.
  • The variance between the two reports was noticeable.

Common collocations: significant variance, variance in quality, calculate variance, variance analysis, grant a variance

Synonyms of Variance

Formal

Neutral

Antonyms of Variance

  • — when discussing uniformity or sameness
  • — when discussing lack of variation