Back to Course

SS2: ECONOMICS - 1ST TERM

0% Complete
0/0 Steps
  1. Basic Tools for Economic Analysis I | Week 1
    5 Topics
  2. Basic Tools for Economic Analysis II | Week 2
    3 Topics
    |
    1 Quiz
  3. Theory of Demand | Week 3
    4 Topics
    |
    1 Quiz
  4. Theory of Supply | Week 4
    4 Topics
    |
    1 Quiz
  5. Theory of Production Possibility Curve I | Week 5
    1 Topic
  6. Theory of Production Possibility Curve II | Week 6
    4 Topics
    |
    1 Quiz
  7. Theory of Cost I | Week 7
    2 Topics
  8. Theory of Cost II | Week 8
    3 Topics
    |
    1 Quiz
  9. Revenue Concept | Week 9
    2 Topics
    |
    1 Quiz
  • excellence
  • Follow

Lesson Progress
0% Complete

Topic Content:

  • Definition of Standard Deviation (S.D or S)
  • Steps involved in the calculation of standard deviation

What is Standard Deviation?

Standard Deviation is the positive square root of the arithmetic mean. It is used to find the extent to which numerical data spread about their arithmetic means or average. The square root variance is the standard deviation.

Standard deviation is the root mean square of the deviation from the mean. It is measured from the mean and not from the other central tendencies (mode or median).

S.D = \(\sqrt{ \frac{\sum \left ( x \: – \: \bar{x} \right )^2}{n}} \) (ungrouped data)

Grouped Data = S.D = \(\sqrt{ \frac{\sum f \left ( x \: – \: \bar{x} \right )^2}{\sum f}} \)

The steps involved in the calculation of standard deviation are as follows:

 

You are viewing an excerpt of this Topic. Subscribe Now to get Full Access to ALL this Subject's Topics and Quizzes for this Term!

Click on the button "Subscribe Now" below for Full Access!

Subscribe Now

Note: If you have Already Subscribed and you are seeing this message, it means you are logged out. Please Log In using the Login Button Below to Carry on Studying!

Responses

Your email address will not be published. Required fields are marked *