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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Random variable variance

I have the model yi=β1+β2Xi+ui where ui∼iid N(0,σ2). I estimate β1 and β2 by drawing a straight line between the first (x1,y1) and last dot (xn,yn). So, β̂ 2 will be the slope of this straight line. ...
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737 views

Statistics - Z-score confusion.

For z score, you are taking the sample value subtracting population mean and dividing it by std deviation. Is that correct so far? Now, the "sample value" is defined by an equation. In my scenario, I ...
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1answer
25 views

How to estimate the standard deviation in this normal distribution?

There is this simple looking basic statistics question that asks to estimate its mean and standard deviation. I have some doubts and just want to make sure whether my working is correct. For part ...
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Standard deviation in normal distribution

A manufacturer uses a machine to make metal rods.The diameter of the rods follow a normal distribution with a mean of 1cm and a standard deviation of 0.02cm If the standard deviation of the diameters ...
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9 views

Showing deviation of data on a fixed scale

I'm creating a chart in D3 which shows the Mode from a large (1mil +) dataset; and colors it according to the standard deviation of the dataset. But the issue is that I need to map the range (Red ...
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12 views

Finding the percentile of a value given other percentiles

I am using someone else's research and only have part of the data. I want to find the percentile of a value, such as 350.2, based upon the data given. The following is known: mean = 308.2 The ...
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1answer
35 views

Measure dispersion of a set of values resides in a range

I want to know what is best method to calculate (measure) the statistical dispersion of a set of values resides between a range. Scenario: My goal is to build an index. I have two methods that ...
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1answer
23 views

Normal distribution finding standard deviation [on hold]

A manufacturer uses a machine to make metal rods.The diameter of the rods follow a normal distribution with a mean of 1cm and a standard deviation of 0.02cm If the standard deviation of the diameters ...
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2answers
331 views

Variance of a max function

Say $x_1$ and $x_2$ are normal random variables with known means and standard deviations and $C$ is a constant. If $y = \max(x_1,x_2,C)$, what is $\mathrm{Var}(y)$? Well, I forgot to tell that $x_1$ ...
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Standard deviation of travel times

Suppose that travel times for Swinburne students are normally distributed with mean of $32.5$ minutes and a standard deviation of $5$ minutes. Complete the following sentence, giving figures correct ...
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304 views

Comparing annualised volatility from monthly and annual data

I fear there is a very simple answer to this question and its killing me that I can't see it. I am interested in calculating historical volatility: I have monthly index values starting in Jan 2005 ...
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22 views

GRE - Standard Deviation

The frequency distributions shown above represent two groups of data. Each of the data values is a multiple of 10. Quantity A = The standard deviation of distribution A Quantity B = The standard ...
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3answers
261 views

Relationship between expected and actual value

Consider a zoo with two animals: an elephant and a lion. The elephant's expected lifespan is $70$ years, but it lives to be $65$ years ($SD = 7$). Likewise, the lion's expected lifespan is $22$ years, ...
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Weighted probabilities assigned to a two stock portfolio

Does anyone know how to input a two variable portfolio with uneven weighted probabilties into an HP10bii+? By uneven I mean the weightings are not in increments of 10% and thus you can't simply equate ...
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1answer
4k views

Financial Calculator HP 10bII - Standard Deviation with Probability

I have a financial calculator and am trying to use it to calculate the standard deviation when probability is involved. For a standard deviation question say on the numbers 1, 5, 6, 10 ...
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1answer
344 views

Converting standard deviation number

This is math finance question. I'm trying to figure out the formula for converting the standard deviation of % changes in prices for a sample of days into the standard deviation of % changes in prices ...
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5 views

Gaussian of different standard deviation and sample spacing

For given a set of samples position (e.g. $-2,-1,0,1,2$) I can define the correspondent, normalized, gaussian weights for a gaussian with std. deviation $1.0$. I know that if I scale all the sample ...
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1answer
239 views

Weighted Standard Deviation for Histogram Bin Height

I'm plotting some binned data in the form of a histogram. Say I have 10 data points, each composed of a bin to be placed in, and then a "height". Then I might have something like: Bin Height 0 - ...
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When standard deviation is unknown?

I am reading a book about Statistics and I have encountered a text line: ...except in the case where standard deviation of the basic set is unknown... I am not really sure what it means, could ...
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1answer
23 views

combined standard deviation

I am new to Standard Deviation. I have taken a 2 small samples of Data and obtained the mean, and Standard Deviation. I have copied and pasted a picture of my spreadsheet. As you can see i have ...
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40 views

Average and Standard Deviation for Angular Values

I'm trying to characterize an inexpensive accelerometer that provides (roll, pitch, yaw) values by generating basic running statistics (mean and standard deviation). But I'm unfamiliar with ...
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269 views

Statistics Question: Revenue & Cost

Data for costs of production for a firm every month from January 2001 to December 2002. Data is denoted by $d_1, d_2,...,d_{24}$. The following info is calculated from the data set. Mean cost = ...
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Variance reduction factor using gaussian filtering

I am currently trying to find the variance reduction ratio using gaussian filtering. For a simpler filter (as mean filtering for example), I am able to calculate it easily to find the well known ...
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Normal Distribution,standard deviation and probability question.

According a study, the duration of a match in World Cup is approximate normally distributed with the mean 111 minutes and standard deviation 5 minutes (including the break between the halves). ...
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36 views

Does “Expected Absolute Deviation” or “Expected Absolute Deviation Range” exist in stats and have another name?

So everyone is familiar with Variance and Standard Deviation from high school, but it seems no one has any familiarity with a philosophical justification for such weird, seemingly arbitrary measures. ...
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finding the variance of a complex scenario

construct a sequence of cubes with one vertex at the origin and having lengths 1/2^x, x=1,2,3,... Select a point randomly from the unit cube with one vertex at the origin and sides of length 1. Let ...
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Determine standard deviation of nonlinear model parameter?

I have some experimental data to which I fit $h+e^{-\gamma t}(a\sin\omega t - \phi)$. The result looks like this: My ultimate goal is to find $h$ values. Now, I could find something similar to $h$ ...
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28 views

Summing standard deviations? or summing variances?

I have a method for making measurements. Within this method there are four separate variables that can influence the measurement (i.e. variation). I have individually tested each variable (by making ...
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25 views

How to derive a Gaussian mean's functional dependence on a variable

I have three variables: $E, I,$ and $X$. $I$ is a function of $E$: $I(E)=gauss(\mu(X), \sigma=1)$ I sampled this distribution with a very simple $\mu(x): 3\times x$. I want to fit that data to ...
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44 views

How to add standard deviation regarding MATLAB function normrnd(mu,sigma)?

My question depend on this scenario which is as follows, I used a MATLAB function "normrnd(mu,sigma)" with mean 'mu = 0' and S.D 'sigma = 5', to generate a normal random number "R1". I added this ...
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24 views

How to calculate Standard deviation with mean 0 and Min and max value on x-axis is -1 and 1 respectively?

How to calculate Standard deviation with mean 0 and Min and max value on x-axis is -1 and 1 respectively? It is of-course a normalize distribution. I apologize in advance for stupid question.
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1answer
19 views

Adding stochastic variables random variables where one has time component

Based on GLS regression I have identified two random variables lets call them A & B ...
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3answers
4k views

Standard deviation of the weighted mean [duplicate]

How do you find the standard deviation of the weighted mean? The weighted mean is defined: $\bar{x}_w = \frac{\sum{wx}}{\sum{w}}$ The weighted standard deviation (since it is not specified, I take ...
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Population confidence interval from sample SD and sample mean?

A sample has: $$\text{a sample size } n = 70,$$ $$\text{sample standard deviation } s = 184.43,$$ $$\text{and a sample mean } \bar{x} = 564.15.$$ Compute a 95% confidence interval for the population ...
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Is the variation of the mean 0, and the variance of standard deviation just the variance?

Just trying to get some properties straight. Was looking at a problem online which reads: Let X be a random variable with mean μ and variance σ2. What is the variance of X/σ+10μ? The solution of ...
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Monte Carlo standard deviation of the mean estimate too small.

I'm doing a Monte Carlo calculation and use the standard deviation of the mean $\sigma_M$ as the error. To get an estimate of this from the regular standard deviation I use $$\sigma_M=\dfrac\sigma ...
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Confused on Expected Value

I have this question in which I have solved so many times but unsure of the answer i have. could anyone help out? ** A cpu manufacturer has a machine which produces microchips. The probability ...
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Variance test: how to tell which is sample 1 and sample 2?

I'm using this variance test to see if I have unequal variance in my data: I am not told which is sample 1 and sample 2 in the questions, just the alternative hypothesis. So is there anyway I can ...
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1answer
21 views

SD from Mean and Median

Given the mean and median of a dataset, is it possible to compute the standard deviation of the dataset?
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Clarification on z-score

I have been reading a Statistics book and they show the following formula for z-score: $ z = \frac{x - \mu}{\sigma}$ And then they explain about the $\mu$ and the $\sigma$ in the formula like this: ...
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Estimating “task duration” variance through questions in a questionnaire

I am working to estimate the average task duration for complex processes - a total of 19 tasks / processes (each task made of several subtasks of varying duration). I will be organising a ...
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1answer
9k views

What is difference between standard deviation and Z-score?

I have read several explanations of standard deviation and z-score, I know how to it calculate them but I am not sure what is differences betwen them. Can someone explain it to me? When is suitable ...
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1answer
70 views

Margin of error for quotient of two measurements

I need to find the total margin of error for calculating velocity, while I have margins of error for time and distance. Actually the margins are the same (as both measurements were based on GPS - but ...
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Find StdDev of a percentage list

I need to find Standard Deviation of a percentage list, e.g. [0.5, 0.8, 0.8] in Python would give: ...
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24 views

Value of n to ensure the mean is within a 95% confidence interval

A random sample of size n is obtained from normal distribution. Calculate how large n must be to ensure that the sample mean lies within 0.25s.d of the mean with probability of 95%. I know the ...
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Bioststistics review

The Mean serum-creatinine level measured in 12 patients 24 hours after they received a newly proposed antibiotic was 1.2mg/dl. If the mean and standard deviation of serum creatinine in the ...
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1answer
44 views

Standard deviation with multiple means and deviations

The amounts of a certain mineral that can be produced in a day from mines $1$, $2$, and $3$ are independent normal random variables with means equal to $80$, $90$, and $75$ pounds, respectively, ...
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Exponential deviation with two $x$ values

I recently got interested in this topic of standard deviation. My TA did not have any time to go over this topic so I was trying to teach myself it recently. My TA said if he had more time he would ...
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What are different ways to compute the significance of an A/B test?

It seems that many people use sample mean/ std deviation or std error which is sqrt ( p * (1-p)/n ) but this assumes that the underlying distribution is binomial.
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Is it possible to calculate the mean and standard deviation from a median and quartiles?

Any advice would helpful. I understand that the reporting of median and quartiles for small samples is an indication of skewed data. If such is correct, then is it useless to try to work out the mean ...