Answer
Check explanation.
Work Step by Step
Variation is the difference between the expected output and the aczual output, whereas variance is the difference between a piece of the set of data and the mean of the set of data.
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.