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You probably mean the Greek letter sigma since this is the probability area.

  • Lower-case sigma is usually reserved to represent a population standard deviation. When it is squared it represents a population variance. With a caret ('hat') over it it represents an estimator of the population standard deviation.
  • Upper-case sigma is most often used to mean summation (adding up) of terms given by the expression after the sigma. The limits of summation are given above and below the sigma symbol in terms of one of the variables in the expression.
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