Tagged Questions
25
votes
6answers
8k views
How would you explain covariance to someone who understands only the mean?
...assuming that I'm able to augment their knowledge about variance in an intuitive fashion ( Understanding "variance" intuitively ) or by saying: It's the average distance of the data ...
20
votes
5answers
3k views
Understanding “variance” intuitively
What is the cleanest, easiest way to explain someone the concept of variance? What does it intuitively mean? If one is to explain this to their mom or child how would one go about it?
It's a concept ...
