Standard deviation: Difference between revisions
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* [[Mean deviation]] | * [[Mean deviation]] | ||
Revision as of 12:56, 15 March 2018
(SD).
Standard deviation measures the spread of data around their mean.
The standard deviation is the square root of the variance.
Standard deviation is used widely as a measure of risk, because it is relatively easy to calculate, and to compare and combine with the standard deviations of other variables.
Its order of magnitude is the difference, ignoring the sign, between the mean and a randomly chosen item in the population.
