In Probability and Statistics, the standard deviation of a statistical population or data set is a measure of how much variation or dispersion exists from its average value. It is defined as the square root of the variance.

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Max of multistep Gaussian walk vs max of multiple single-step Gaussian walks

Is there a relation between the max of a Gaussian random walk of 10 steps vs the max of 10 Gaussian random walks? Specifics (in Mathematica notation): ...
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Motivation behind standard deviation?

Let's take the numbers 0-10. Their mean is 5, and the individual deviations from 5 are -5, -4, -3, -2, -1, 0, 1, 2, 3, 4, 5 And so the average (magnitude of) ...