Definitions For Variance

noun

• An activity that varies from a norm or standard
• An official dispensation to act contrary to a rule or regulation (typically a building regulation)
• The quality of being subject to variation
• A difference between conflicting facts or claims or opinions
• The second moment around the mean; the expected value of the square of the deviations of a random variable from its mean value
• Discord that splits a group
• An event that departs from expectations
• An amount of difference or change
• An official decision or document that allows someone to do something that is not usually allowed by the rules