What is Standard Deviation?
Standard deviation measures how spread out values are from the mean. A low standard deviation means data is clustered near the mean; a high value means data is widely spread.
Population ฯ = โ[ฮฃ(xแตข โ ฮผ)ยฒ / N]
Sample s = โ[ฮฃ(xแตข โ xฬ)ยฒ / (Nโ1)]
Sample s = โ[ฮฃ(xแตข โ xฬ)ยฒ / (Nโ1)]
Steps to Calculate
- Find the mean (average) of the dataset.
- Subtract the mean from each value; square the result.
- Find the average of all squared differences (variance).
- Take the square root of the variance.