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It is a theorem that describes the result of performing the same experiment a large number of times. This theorem forms the basis of frequency-style thinking. It says that the sample means, the sample variance and the sample standard deviation converge to what they are trying to estimate.
To find the mean from a raw score, z-score, and standard deviation, you can use the formula: ( \text{Raw Score} = \text{Mean} + (z \times \text{Standard Deviation}) ). Rearranging this gives you the mean: ( \text{Mean} = \text{Raw Score} - (z \times \text{Standard Deviation}) ). Simply substitute the values of the raw score, z-score, and standard deviation into this formula to calculate the mean.
The standard deviation, in itself, cannot be high nor low. If the same measurements were recorded using a unit that was a ten times as large (centimetres instead of millimetres), the standard deviation for exactly the same data set would be 1.8. And if they were recorded in metres the sd would be 0.018
Standard deviation is the spread of the data. If each score has 7 added, this would not affect the spread of the data - it would be just as evenly spaced or clumped up, but 7 greater. The only thing that would affect the spread is multiplying every data point by 0.9. This makes distances between the data points 0.9 times as big, and thus makes the standard deviation 0.9 times as big. The standard deviation was 5.6, and so now is 5.6x0.9 = 5.04
Heteroskedasticity is when the standard deviation of a variable is inconsistent when measured several times over a period of time.
No. But a small sample will be a less accurate predictor of the standard deviation of the population due to its size. Another way of saying this: Small samples have more variability of results, sometimes estimates are too high and other times too low. As the sample size gets larger, there's a better chance that your sample will be close to the actual standard deviation of the population.
2 times the standard deviation!
It is a theorem that describes the result of performing the same experiment a large number of times. This theorem forms the basis of frequency-style thinking. It says that the sample means, the sample variance and the sample standard deviation converge to what they are trying to estimate.
To find the mean from a raw score, z-score, and standard deviation, you can use the formula: ( \text{Raw Score} = \text{Mean} + (z \times \text{Standard Deviation}) ). Rearranging this gives you the mean: ( \text{Mean} = \text{Raw Score} - (z \times \text{Standard Deviation}) ). Simply substitute the values of the raw score, z-score, and standard deviation into this formula to calculate the mean.
There's no valid answer to your question. The problem is a standard deviation can be close to zero, but there is no upper limit. So, I can make a statement that if my standard deviation is much smaller than my mean, this indicates a low standard deviation. This is somewhat subjective. But I can't make say that if my standard deviation is many times the mean value, that would be considered high. It depends on the problem at hand.
The 68-95-99.7 rule, or empirical rule, says this:for a normal distribution almost all values lie within 3 standard deviations of the mean.this means that approximately 68% of the values lie within 1 standard deviation of the mean (or between the mean minus 1 times the standard deviation, and the mean plus 1 times the standard deviation). In statistical notation, this is represented as: μ ± σ.And approximately 95% of the values lie within 2 standard deviations of the mean (or between the mean minus 2 times the standard deviation, and the mean plus 2 times the standard deviation). The statistical notation for this is: μ ± 2σ.Almost all (actually, 99.7%) of the values lie within 3 standard deviations of the mean (or between the mean minus 3 times the standard deviation and the mean plus 3 times the standard deviation). Statisticians use the following notation to represent this: μ ± 3σ.(www.wikipedia.org)
The standard deviation, in itself, cannot be high nor low. If the same measurements were recorded using a unit that was a ten times as large (centimetres instead of millimetres), the standard deviation for exactly the same data set would be 1.8. And if they were recorded in metres the sd would be 0.018
Standard deviation is the spread of the data. If each score has 7 added, this would not affect the spread of the data - it would be just as evenly spaced or clumped up, but 7 greater. The only thing that would affect the spread is multiplying every data point by 0.9. This makes distances between the data points 0.9 times as big, and thus makes the standard deviation 0.9 times as big. The standard deviation was 5.6, and so now is 5.6x0.9 = 5.04
Standard deviation is a measure of the scatter or dispersion of the data. Two sets of data can have the same mean, but different standard deviations. The dataset with the higher standard deviation will generally have values that are more scattered. We generally look at the standard deviation in relation to the mean. If the standard deviation is much smaller than the mean, we may consider that the data has low dipersion. If the standard deviation is much higher than the mean, it may indicate the dataset has high dispersion A second cause is an outlier, a value that is very different from the data. Sometimes it is a mistake. I will give you an example. Suppose I am measuring people's height, and I record all data in meters, except on height which I record in millimeters- 1000 times higher. This may cause an erroneous mean and standard deviation to be calculated.
Heteroskedasticity is when the standard deviation of a variable is inconsistent when measured several times over a period of time.
A band of 1 SD will represents about 68% confidence whereas 2 SD represents around 95%. Since the latter is often used for hypothesis testing, it may be better to use 2 SD.
Suppose the random variable, X, that you are studying, has a mean = m, and standard deviation (sd) = s. Then z = 1.33 is equivalent to saying that(x - m)/s = 1.33 or that your observed value is greater than the mean by 1.33 times the sd.