How To Calculate Standard Deviation Mathematically Recommended Reading: How to Normalize Data in Excel? Therefore it is commonly used and very important. The standard deviation shows how consistent are the individuals are in this data set. Median: The individual that stands in the middle of sorted from low to high. Mean: The sum of all the individuals divided by the number of individuals. You can try finding the mean or the median but the middle of the set does not give reliable information about the set.
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When working with a numeric data set, you usually want to know what the standard element of the set is. The higher standard deviation means larger dispensation while lower standard deviation means the data is consistent. It allows us to understand the variability and consistency of the data. Standard deviation is a statistical term to show us the range between average and the actual data.
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