What is data variance and standard deviation?
Different values in the data set can be spread here and there from the mean. Variance tells us that how far away are the values from the mean.
Standard deviation is the square root of the variance.
Low standard deviation
Low standard deviation tells us that fewer numbers areÂ far away from the mean.
High standard deviation
High standard deviationÂ tells us that more numbers are far away from the mean.
The formula to calculate the standard deviation of sample and population
How to calculate variance and standard deviation of a population data?
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8 |
10 |
15 |
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Mean = 13.25