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The standard deviation is a commonly used statistic, but it doesnвЂ™t often get the attention it deserves. Although the mean and median are out there in common sight The standard deviation is a statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.

A measure of dispersion is important for statistical analysis. Such concepts find extensive applications in disciplines like finance, business, accounting etc. Now The SBC GMAT Files Standard Deviation Staff, Test Prep New York/Test Prep San Francisco Standard Deviation, (or SD or Sigma, вЂ¦

A measure of dispersion is important for statistical analysis. Such concepts find extensive applications in disciplines like finance, business, accounting etc. Now Rate of return and standard deviation are two of the most useful statistical concepts in business. These two figures will tell you whether a business project is worth

People use both, but for different things. As Jacob Joseph wrote, standard deviation is in the same units as the mean, so it can be used with the mean to set In National 5 Lifeskills Maths standard deviation is a measure of consistency or spread of data. It is used as a comparison between different data sets.

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