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 ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

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 ...

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add up the three means and divide by three. But what if I want the average ...

Learn what residual standard deviation is, how to calculate it in regression analysis, and why it's crucial for measuring predictability and goodness-of-fit in data modeling.

Reviewed by Eric Estevez It's possible to calculate the standard error in MATLAB by running a one-line command. Standard ...

An animated guide explaining how the standard devition can give you a clearer picture of a sample than averages alone. An example involving zoo keepers and some very dangerous animals demonstrates ...