Since this is an ELI5 question, I’m going to spare you all of the complex formulas and whatnot.
Variance, is the square of the Standard Deviation.
Standard Deviation represents the distance of some observation from the average value known as the mean.
Mathematicians use Variance in order to eliminate negatives since as we all know, taking the square of a negative number eliminates the negative sign. This is mostly used for convenience.
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