Standard Deviation Flashcards

1
Q

What is standard deviation?

A

A measure of the spread of data around the mean

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2
Q

If the +-2 standard deviations don’t overlap…

A

We reject the null hypothesis. There is a statistically significant difference between the means

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3
Q

Advantages of using standard deviation

A
  • Reduces the effect of anomalies compared to using the range
  • Can use +-2SD to determine if a difference in results is significant or not
  • Takes into account every value in the data set (representative)
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