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WHAT IS A VARIANCE (VA)? The Fresno County Zoning Ordinance lists minimum property development standards for each Zone District. A property owner may request a variance (VA) if a proposed land division or development will result in a deviation from the development standards.
The variance is a measure of variability. It is calculated by taking the average of squared deviations from the mean. Variance tells you the degree of spread in your data set. The more spread the data, the larger the variance is in relation to the mean.
A variance of zero indicates that all of the data values are identical. All non-zero variances are positive. A small variance indicates that the data points tend to be very close to the mean, and to each other. A high variance indicates that the data points are very spread out from the mean, and from one another.
Interpretation. The greater the variance, the greater the spread in the data. Because variance (? 2) is a squared quantity, its units are also squared, which may make the variance difficult to use in practice. The standard deviation is usually easier to interpret because it's in the same units as the data.
Variances tell you the spread of data points from the mean. It measures the dispersion of the entire data set. Investors pay attention to variance to determine the profitability of your company. Variances compare each asset against the whole data set.