So the more spread out the group of numbers are, the higher the standard deviation. A variance is the average of the squared differences from the mean. To figure out the variance, calculate the ...

it is easy to calculate the average or mean production. You just add up the three means and divide by three. But what if I want the average standard deviation of the three machines? The pooled ...

Ask someone to tell you how long their commute is, and they can probably provide an average number without much thought. But ask them how much it varies, and they will most likely have to pause and ...

While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

Investors often use standard deviation to quantify asset volatility. You can calculate standard deviation of an asset in a spreadsheet with a series of daily closing values. Standard deviation ...