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Please discuss the following two measures: (1) Variance; and (2) Standard Deviation. Please include in your response how each is calculated (please discuss this conceptually,
Please discuss the following two measures: (1) Variance; and (2) Standard Deviation. Please include in your response how each is calculated (please discuss this conceptually, you need not provide the mathematical equations) and the relationship between the two (how are they related, and why do we use the Standard Deviation in analyses instead of the Variance?).
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