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Can the variance be less than 1?

Julian Martinez | 2023-06-17 12:09:32 | page views：1931
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Sophia Robinson

Studied at University of Oxford, Lives in Oxford, UK
Variance of a Dara set can be more than 1 or any positive number. It depends on the data values. However, if the variable is Normal and has been changed to a Standard Normal Variate by standardizing it, then the variance ( or the Std. Deviation) cannot be more than 1 by definition.
2023-06-23 12:09:32
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Olivia Wright

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Variance of a Dara set can be more than 1 or any positive number. It depends on the data values. However, if the variable is Normal and has been changed to a Standard Normal Variate by standardizing it, then the variance ( or the Std. Deviation) cannot be more than 1 by definition.
Can variance of a data be greater than 1? If yes, what does it ...
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