MySQL VARIANCE() function
VARIANCE() function
MySQL VARIANCE() function returns the population standard variance of an expression. It considers the entire dataset rather than just a sample. Variance is a statistical measure that indicates the spread or dispersion of a dataset.
This function is useful in -
- It's essential for understanding the distribution of data.
- High variance indicates greater dispersion, while low variance suggests data points are closer to the mean.
- Variance can identify outliers or extreme values in dataset. Unusually high variances might signal data quality issues or anomalies.
- In finance and investment, variance is used to assess the risk associated with an investment.
- Variance can be used to analyze the consistency of performance metrics. It might indicate how consistent the product quality is.
- Variance analysis is crucial in scientific experiments and research. It helps assess the reliability of results and the consistency of measurements.
- In industries like manufacturing, calculating variance can be part of quality control processes.
- Variance can be used to compare different datasets or groups.
- Variance analysis can play a role in forecasting future outcomes by considering historical variability.
Syntax:
VARIANCE(expr);
Where expr is an expression
MySQL Version: 8.0
Example: MySQL VARIANCE() function
The following MySQL statement returns the population standard variance of 'total_cost' from purchase table.
Sample table: purchase
+------------+------------+----------------+------------+------------+---------+---------------------------------+----------+---------+-------------+-------------+------------+ | invoice_no | invoice_dt | ord_no | ord_date | receive_dt | book_id | book_name | pub_lang | cate_id | receive_qty | purch_price | total_cost | +------------+------------+----------------+------------+------------+---------+---------------------------------+----------+---------+-------------+-------------+------------+ | INV0001 | 2008-07-15 | ORD/08-09/0001 | 2008-07-06 | 2008-07-19 | BK001 | Introduction to Electrodynamics | English | CA001 | 15 | 75.00 | 1125.00 | | INV0002 | 2008-08-25 | ORD/08-09/0002 | 2008-08-09 | 2008-08-28 | BK004 | Transfer of Heat and Mass | English | CA002 | 8 | 55.00 | 440.00 | | INV0003 | 2008-09-20 | ORD/08-09/0003 | 2008-09-15 | 2008-09-23 | BK005 | Conceptual Physics | NULL | CA001 | 20 | 20.00 | 400.00 | | INV0004 | 2007-08-30 | ORD/07-08/0005 | 2007-08-22 | 2007-08-30 | BK004 | Transfer of Heat and Mass | English | CA002 | 15 | 35.00 | 525.00 | | INV0005 | 2007-07-28 | ORD/07-08/0004 | 2007-06-25 | 2007-07-30 | BK001 | Introduction to Electrodynamics | English | CA001 | 8 | 25.00 | 200.00 | | INV0006 | 2007-09-24 | ORD/07-08/0007 | 2007-09-20 | 2007-09-30 | BK003 | Guide to Networking | Hindi | CA003 | 20 | 45.00 | 900.00 | +------------+------------+----------------+------------+------------+---------+---------------------------------+----------+---------+-------------+-------------+------------+
Code:
-- This query calculates the variance of the 'total_cost' column in the 'purchase' table.
SELECT VARIANCE(total_cost)
-- This statement selects the variance of the 'total_cost' column.
FROM purchase;
-- This part of the query specifies the table from which data is being retrieved, which is 'purchase'.
Explanation:
- The purpose of this SQL query is to compute the variance of the 'total_cost' values in the 'purchase' table.
- SELECT VARIANCE(total_cost): This part of the query selects the variance of the 'total_cost' column. Variance measures the average degree to which each number is different from the mean, and is calculated as the average of the squared differences from the mean.
- FROM purchase: This part specifies the table from which the data is being selected, which is the 'purchase' table.
Output:
mysql> SELECT VARIANCE(total_cost)
-> FROM purchase;
+----------------------+
| VARIANCE(total_cost) |
+----------------------+
| 99472.222222 |
+----------------------+
1 row in set (0.00 sec)
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