Definition: Variance

Term: Variance

Definition:In regard to rules or laws, a variance is an official decision or document that allows someone to do something that is not usually allowed. In statistics the variance measures how far each number in the set is from the mean. Variance is used for probability distribution. Since variance measures the volatility from an average, and volatility is a measure of risk, the variance statistic can help determine the magnitude of risk.

To find keyword content within a course, select the course link below.

Course	Page Number
49 - Regression Analysis Used in Compensation Administration	17

FAQs Policies

"You have a very complete offering of on-line courses. A colleague introduced me to the website. I have a PHR and am looking for good continuing education courses at a reasonable price. Having also used another HR training website, I found your course more engaging."

Karen Mortimer, PHR

"ERI Distance Learning Center courses not only provide valuable information that is relevant to my field (Compensation), but the courses also give historical background information pertaining to HR Law, which is an essential part of Compensation administration...I also like the mimic-to-real world scenarios to further enhance my learning experience."

Kim Buxton, JCA Compensation Analyst FedEx

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

Learn More About ERI’s Assessor Platform

View Our Latest White Paper

National Compensation Forecast April 2024

ERI has been focused on researching compensation for over 30 years

Variance