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**The variance for a population is calculated by:**

- Finding the mean(the average).
- Subtracting the mean from each number in the data set andthensquaring the result. The results are squared to make thenegativespositive.
- Averaging the squared differences.

Moreover, how do you find the standard variance?

**To calculate the variance follow these steps:**

- Work out the Mean (the simple average of the numbers)
- Then for each number: subtract the Mean and square theresult(the squared difference).
- Then work out the average of those squared differences.(WhySquare?)

**Variance**(σ

^{2}) in statistics isa

**measurement**of the spread between numbers in a dataset.That is, it

**measures**how far each number in the set isfromthe

**mean**and therefore from every other number intheset.

Accordingly, what is common variance in statistics?

In applied **statistics**, (e.g., applied tothesocial sciences and psychometrics),**common**-method**variance** (CMV) is the spurious"**variance** that isattributable to the measurement methodrather than to theconstructs the measures are assumed to represent"or equivalentlyas "systematic error **variance** sharedamongvariables

Partitioning the **variance infactoranalysis** **Common variance** is the amount of**variance**that is shared among a set of items. Items that arehighlycorrelated will share a lot of **variance**. Communality(alsocalled h2 ) is a definition of **common variance** thatrangesbetween 0 and 1 .