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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.
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.
Can standard deviation equal zero?
Standard deviation can only be zero if all the data points in your set are equal. If all data points are equal, there is no deviation. For example, if all the participants in a survey coincidentally were all 30 years old, then the value of age would be 30 with no deviation. Thus, there would also be no standard deviation.A data set of one point (small sample) will always have a standard deviation of zero, because the one value doesn't deviate from itself at all.!
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.
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 combination of factors will produce the smallest value for the standard error?
A small sample and a large 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.
What does standard deviation value indicate?
The standard deviation for a set of data is a measure of how much the individual observations are spread about their mean. A small value indicates that they are all tightly packed around the mean value whereas a large value indicates that the observations are not so close together.
What does a large standard deviation tell us?
It means that the data are spread out around their central value.
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.
What does small standard deviation signify?
A small standard deviation indicates that the data points in a dataset are close to the mean or average value. This suggests that the data is less spread out and more consistent, with less variability among the values. A small standard deviation may indicate that the data points are clustered around 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.
Can standard deviation equal zero?
Standard deviation can only be zero if all the data points in your set are equal. If all data points are equal, there is no deviation. For example, if all the participants in a survey coincidentally were all 30 years old, then the value of age would be 30 with no deviation. Thus, there would also be no standard deviation.A data set of one point (small sample) will always have a standard deviation of zero, because the one value doesn't deviate from itself at all.!
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.
