Standard deviation is a measure of the dispersion or variability of a set of values around the mean (average) of the dataset. It provides insight into the spread of data points and how closely they cluster around the mean. A low standard deviation indicates that the data points are close to the mean, while a high standard deviation suggests that the data points are more spread out from the mean. In statistical terms, the standard deviation is the square root of the variance.
How far from the average are you? Standard Deviation measures the spread in your data. 📉📐 #StandardDeviation #Statistics #MentalModels #DataScience #Analytics #Research
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