Population Standard Deviation Formula:
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Standard deviation is a measure of the amount of variation or dispersion in a set of values. A low standard deviation indicates that the values tend to be close to the mean, while a high standard deviation indicates that the values are spread out over a wider range.
The calculator uses the population standard deviation formula:
Where:
Explanation: The formula calculates how much each data point deviates from the mean, squares these deviations, averages them, and then takes the square root.
Details: Standard deviation is widely used in statistics, finance, science, and many other fields to measure variability, assess risk, and understand data distribution patterns.
Tips: Enter your data points separated by commas. The calculator will compute the population standard deviation. For sample standard deviation, a different formula would be used.
Q1: What's the difference between population and sample standard deviation?
A: Population standard deviation uses N in the denominator, while sample standard deviation uses N-1 (Bessel's correction) to account for sampling bias.
Q2: When should I use population vs. sample standard deviation?
A: Use population standard deviation when you have data for the entire population. Use sample standard deviation when you have a sample of a larger population.
Q3: What does a standard deviation of zero mean?
A: A standard deviation of zero indicates that all values in the dataset are identical.
Q4: How is standard deviation related to variance?
A: Variance is the square of the standard deviation. Standard deviation is in the same units as the original data, making it more interpretable.
Q5: Can standard deviation be negative?
A: No, standard deviation is always non-negative as it's derived from squared differences and a square root.