While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

When reviewing cash flow data for your small business, knowing the standard deviation can help you determine if the numbers are out of whack. Calculating standard deviation manually can be ...

Using Microsoft Excel you can create charts based on the data and formulas entered in a worksheet. Enter a sample range of numbers in Excel as if you were at an event asking people their ages, for ...

There are two formulae for standard deviation. \(s = \sqrt {\frac{{\sum {{{(X - \bar X)}^2}} }}{{n - 1}}}\) (where n is the sample size). The second formula is a re ...

Standard deviation is an important measure of spread or dispersion. It tells us how far, on average the results are from the mean. Therefore if the standard deviation is small, then this tells us that ...