Month: April 2018

Statistics – Standard Deviation

Most people are familiar with the concepts of the mean, median, and mode. They are measures of the central tendency of a value that has measured in a given population. They tell us, in different ways, about the value of an attribute at the heart of the population, rather than at the positive or negative extremes. Other measures are used to tell us about the variation within a population. One frequently used measure of variation is standard deviation.
Read More