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What does standard deviation measure?

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Question added by Abdulrahman Murshid , Purchasing Manager , Dr Hamid S. Al Ahmadi Hospital
Date Posted: 2014/12/10

Standard deviation measure means how spread out numbers are.

 

Alok Routray
by Alok Routray , Manager Corporate Strategy , INOX AIR PRODUCTS PVT LIMITED (INOX GROUP)

 How far typical values tend to be from the mean .

Asif Pyarali (CMA finalist)
by Asif Pyarali (CMA finalist) , Manager Finance and Export , Amlani Enterprises

Standard Deviation measures the volatility of the data from its mean, higher deviation means high dispersion of the data and vice versa. you may also use this statistical tool in investment's annual return to view the volatility of return from its mean.

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