Statistical measurement provides tools for summarizing and interpreting quantitative data. It allows us to move beyond just raw numbers to meaningful interpretations. Standard deviation is one such measurement. It tells us how much the data deviates from the mean on average.
To calculate the standard deviation, follow these steps:
- Find the mean of the data.
- Calculate each data point's deviation from the mean, and square it.
- Compute the average of these squared deviations.
- Take the square root of this average.
For instance, our data set's standard deviation is around 1.646. This means that the data points tend, on average, to be 1.646 units away from the mean.
The standard deviation often provides a clearer picture of data dispersion compared to range, as it accounts for every data point's role in the distribution.