Stdev

The Standard Deviation of the selection.

The Standard Deviation is a measure of how spread-out numbers are in a set. The Deviation just means how far from the normal.

Stdev is used when the group of numbers being evaluated is only a partial sampling of the whole population.

The formula:

 

Where   is the mean computed by getting the sum of all the items and dividing them by the number of items minus one.

 

Sample 1

Given a set of numbers like 12, 6, 12.

 

  1. Compute the mean of the sample.

    Mean = (Sum of items/n), where n is the number of items
    12+6+12/3=10

  2. Square the difference between each point and the mean

    (12-10)^2 =4
    (6-10)^2 =16
    (12-10)^2 =4

  3. Calculate the average of the results in step 2 above

    4+16+4/3-1=24/2

  4. Compute the square root of the result in step 4.

    √12 or 3.4641

 

Sample 2

Given the following sample fields:

Number Arbitrary Negative Values Positive Values One Binary Currency Decimal
1 3 -1 1 1 0 $1.00 1.01
2 2 -2 2   1 $10.00 2.02
3 1 -3 3   0 $100.00 3.03
4 0 -4 4   1 $1,000.00 4.04
5 -1 -5 5   0 $10,000.00 5.05
6 -2 -6 6   1 -$1.00 6.06
7 -3 -7 7   0 -$10.00 7.07
8 0 -8 8     -$100.00 8.08
9 0 -9 9     -$1,000.00 9.09
10 0 -10 0     $0.00 0.00

Sample fields

The Stdev for each field:

Number Arbitrary Negative Values Positive Values One Binary Currency Decimal
3.0277 1.7638 3.0277 3.0277 0 .5345 $3,197.5720 3.0579

Results per field

 

 

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