Calculate the standard deviation of your dataset. Understand the formula and its use below.
Formula: σ = √[ Σ ( xi - μ )² / N ]
Where:
σ
= Standard deviation
Σ
= Sum of all values
xi
= Each value in the dataset
μ
= Mean of the dataset
N
= Number of values in the dataset
Uses: Standard deviation measures the amount of variation or dispersion in a dataset. A low standard deviation means the data points are close to the mean, while a high standard deviation indicates that the data points are spread out.
Add all the values together and divide by the number of values (N).
μ = (x1 + x2 + ... + xN) / N
For each value in your dataset, subtract the mean and square the result.
(xi - μ)²
Add all the squared deviations together.
Σ (xi - μ)²
Divide the sum of squared deviations by the number of values (N).
Variance = Σ (xi - μ)² / N
Take the square root of the variance to get the standard deviation.
σ = √Variance
Example: If you have data points 10, 20, 30, 40, and 50: