Dela Cruz, Louise Nicole A.
For econstat PPT report
(1st Page)
Standard Deviation:
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. The standard deviation is
calculated as the square root of variance by determining each data point’s deviation
relative to the mean.
(2nd page)
When to use the sample or population standard deviation?
1. Population standard deviation
• you would normally calculate the population standard deviation if you have the
