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The standard deviation of a distribution is the average spread from the mean (average). If I told you I had a distribution of data with average 10000 and standard deviation 10, you'd know that most of the data is close to the middle. If I told you I had a distrubtion of data with average 10000 and standard deviation 3000, you'd know that the data in this distribution is much more spread out. dhaussling@gmail.com
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What does denominator of z-score measure?
The standard deviation.z-score of a value=(that value minus the mean)/(standard deviation)
Why is the standard error a smaller numerical value compared to the standard deviation?
Let sigma = standard deviation. Standard error (of the sample mean) = sigma / square root of (n), where n is the sample size. Since you are dividing the standard deviation by a positive number greater than 1, the standard error is always smaller than the standard deviation.
What does relative standard deviation of 0.003 mean?
The relative standard deviation is the absolute value of the ration of the sample mean to the sample standard deviation. This value appears to be quite small; however, without comparative data it is difficult to know what to make of it. In some contexts it might even be considered large.
How do you find out the z-score?
z-score of a value=(that value minus the mean)/(standard deviation)
What combination of factors will produce the smallest value for the standard error?
A small sample and a large standard deviation
What is the difference between standard deviation and mean?
The mean is the average value and the standard deviation is the variation from the mean value.
Can The standard deviation of a distribution be a negative value?
No. The standard deviation is not exactly a value but rather how far a score deviates from the mean.
Can standard deviation value be bigger than maximum and minimum value?
No standard deviation can not be bigger than maximum and minimum values.
Sample standard deviation?
Standard deviation in statistics refers to how much deviation there is from the average or mean value. Sample deviation refers to the data that was collected from a smaller pool than the population.
Is the expected value the same as the standard deviation?
No. The expected value is the mean!
How standard deviation and Mean deviation differ from each other?
There is 1) standard deviation, 2) mean deviation and 3) mean absolute deviation. The standard deviation is calculated most of the time. If our objective is to estimate the variance of the overall population from a representative random sample, then it has been shown theoretically that the standard deviation is the best estimate (most efficient). The mean deviation is calculated by first calculating the mean of the data and then calculating the deviation (value - mean) for each value. If we then sum these deviations, we calculate the mean deviation which will always be zero. So this statistic has little value. The individual deviations may however be of interest. See related link. To obtain the means absolute deviation (MAD), we sum the absolute value of the individual deviations. We will obtain a value that is similar to the standard deviation, a measure of dispersal of the data values. The MAD may be transformed to a standard deviation, if the distribution is known. The MAD has been shown to be less efficient in estimating the standard deviation, but a more robust estimator (not as influenced by erroneous data) as the standard deviation. See related link. Most of the time we use the standard deviation to provide the best estimate of the variance of the population.
How do you convert variance of 100 to standard deviation?
Standard Deviation = (principal value of) the square root of Variance. So SD = 10.
What would it mean if a standard deviation was calculated to equal 0?
A standard deviation of zero means that all the data points are the same value.
What does denominator of z-score measure?
The standard deviation.z-score of a value=(that value minus the mean)/(standard deviation)
What happens to the standard score as the standard deviation increases?
The absolute value of the standard score becomes smaller.
What if I have a very high standard deviation?
The larger the value of the standard deviation, the more the data values are scattered and the less accurate any results are likely to be.
Why is the standard error a smaller numerical value compared to the standard deviation?
Let sigma = standard deviation. Standard error (of the sample mean) = sigma / square root of (n), where n is the sample size. Since you are dividing the standard deviation by a positive number greater than 1, the standard error is always smaller than the standard deviation.
