Variance in Industrial Engineering Formulas

The Variance is defined as the average of the squared differences from the Mean. And is denoted by σ².

Formulas to find Variance in Industrial Engineering

fxVarianceGo

fx Pessimistic Time Go

fx Optimistic Time Go

What is the Variance?

The Variance is defined as the average of the squared differences from the Mean.

Can the Variance be negative?

{YesorNo}, the Variance, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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