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Earn +20 ptsQ: When do you use beta and standard deviation?
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Difference between beta and standard deviation?
* * *
Why use standard deviation and not average deviation?
Because the average deviation will always be zero.
Why use the T score?
T-score is used when you don't have the population standard deviation and must use the sample standard deviation as a substitute.
How do you use standard deviation?
Standard deviation is a measure of how spread out a set of numbers are from each other. It has a variety of uses in statistics.
What does the sample standard deviation best estimate?
The standard deviation of the population. the standard deviation of the population.
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