Although the range is easy to calculate, be careful using it when a distribution of scores has outlying low and/or high scores. The low and/or high scores do not accurately represent the entire distribution of scores and may misrepresent the true range of the distribution.
Variance and standard deviation tell us about the spread in a distribution of scores. However, the variance and standard deviation are more satisfactory indexes of variability than is the range. The variance tells us whether individual scores tend to be similar to or substantially different from the mean. In most cases, a large variance tells us that individual scores differ substantially from the mean, and a small variance tells us that individual scores are very similar to the mean. What is a "large" variance, and what is a "small" variance?
Large and small depend on the range of the test scores. If the range of test scores is 10, then 7 would be considered a large variance and 1 would be considered a small variance. In most cases, a large variance tells us that individual scores differ substantially from the mean. In some cases, however, a large variance may be due to outliers. For example, if there are 100 scores and 99 of them are close to the mean and one is very far from the mean, there may be a large variance due to this one outlier score.
The formula (in summation notation) for the variance(σ ²) in a population is