Cryptocurrency Q&A
How to calculate standard deviation?
How to calculate standard deviation?
CryptoTamer
Thu Dec 12 2024
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6 answers
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I need to understand how to calculate standard deviation. I'm looking for a step-by-step process or formula that can help me determine the standard deviation of a given dataset.
6 answers
Maria
Fri Dec 13 2024
Begin by calculating the mean of the dataset.
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CryptoGuru
Fri Dec 13 2024
This summation will provide a cumulative measure of the variability or dispersion within the dataset.
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Tommaso
Fri Dec 13 2024
Once the mean is determined, proceed to compute the square of the distance for each individual data point from this mean.
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lucas_clark_artist
Fri Dec 13 2024
To obtain the variance, divide the summed squared distances by the total number of data points in the set.
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SakuraSpirit
Fri Dec 13 2024
Each of these squared distances will represent how far a particular data point deviates from the mean.
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