Asked by
Kaitlyn Yockey
on Nov 30, 2024
Verified
The standard deviation is expressed in terms of the original units of measurement but the variance is not.
Standard Deviation
A measure of how spread out the numbers in a data set are, indicating the variability around the mean.
Variance
A measure of dispersion showing how much the data points in a set differ from the mean, calculated as the average of the squared differences from the mean.
- Appreciate the importance of statistical variability (standard deviation, variance) and central figures (mean, median, mode) in summarizing datasets.
- Detail the methodology and significance of variance and standard deviation within data analysis endeavors.
Verified Answer
RR
Learning Objectives
- Appreciate the importance of statistical variability (standard deviation, variance) and central figures (mean, median, mode) in summarizing datasets.
- Detail the methodology and significance of variance and standard deviation within data analysis endeavors.