Standard Deviation

-Standard deviation is used to summarize the spread of values around the

mean
-It is used as a measure of variation within a data set or a measure of the
accuracy of a measurement

-where x = the values

-where N = number of values
-where xx = the average value (mean)
-A small standard deviation indicates the data is closely clustered around
them
-For normally distributed data, about 68% of all values fall within one
standard deviation of the mean (positive or negative)
-At

2 standard deviations, 95% of all values are found

-When comparing 2 samples from different populations, the closer the means
and the standard deviations, the more likely the samples are from similar
populations