Standard Deviation Flashcards
1
Q
What is standard deviation?
A
A measure of the spread of data around the mean
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
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)