- Snippet from Wikipedia: Standard deviation
In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its average. A low standard deviation indicates that the values tend to be close to their average (also called the expected value or arithmetic mean) of the set, while a high standard deviation indicates that the values are spread out over a wider range. Standard deviation may be abbreviated SD or std dev, and is most commonly represented in mathematical texts and equations by the lowercase Greek letter σ (sigma).
The standard deviation of a random variable, sample, statistical population, data set or probability distribution is the square root of its variance (the variance being the average of the squared deviations from the mean). A useful property of the standard deviation is that, unlike the variance, it is expressed in the same unit as the data. Standard deviation can also be used to calculate standard error for a finite sample, and to determine statistical significance.
When only a sample of data from a population is available, the term standard deviation of the sample or sample standard deviation can refer to either the above-mentioned quantity as applied to those data, or to a modified quantity that is an unbiased estimate of the population standard deviation (the standard deviation of the entire population).
