What is Standard deviation?
Standard deviation is defined as the measure of all data variation from its mean value or the positive square root of the variance X is known as standard deviation. It provides information about how much individual data points deviate from the mean value of the dataset.
Mathematically, the standard deviation (σ) is calculated using the following formula:
Standard deviation (σ) = √VAR(X)
Where:
Var(X) determines the variatnce of x.
Differences between Range and Standard Deviation
In statistics, Range and standard deviation provide insight into the spread or dispersion of data points within the data set. Range and standard deviation are both measures of variability in a dataset, but they differ in their calculation and interpretation.
The purpose of this article is to know the difference between range and standard deviation for the students offering clarity on calculations.
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