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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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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What is Bootstrapping in statistics? How can I use it to determine error in the mean, variance, kurtosis and skewness of a data set?

From what I understood from searching randomly is that it has something to do with resampling. What does this resampling mean? Is it selecting random data from a distribution or is it getting data ...
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Finding an interval estimate for $\mu$ given a sample size and variance

I'm in a statistics class and am doing a problem for homework about confidence intervals. I don't really know what it's asking though or when I've even reached a valid solution. The problem says: ...
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finding min and max after removing percentage of num values knowing the standard deviation.

I have a question i have some data and i know it's (number of values, min, max, mean and standard deviation) can I know the minimum after removing x% of the total number of values and the maximum ...
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Standard deviation: calculating how polarizing a question is

I'm trying to calculate how polarizing a question is. Let's say I have a question that has 3 possible choices. A certain percentage of people choose a specific answer. Answer a: $30\%$ Answer b: ...
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Standard Error for Weighted Values

I want to calculate the standard error for an experimental measurement. The data is stored as a 2D image which is circularly symmetric about a center point. To reduce the data we radially integrate ...
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How to compare dispersion of data?

From my statistic book, I learn that standard deviation is used to estimate how much the data spread around the mean value. If I have two or more sets of data, for each one, they normalized to the ...
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Comparing Curves

I am trying to compare a company's revenue to some economic indicators such as DJ index and S&P 500 index. I came up with a way to plot the three lines on the same scale. Here's the table. What ...
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Establishing the upper and lower bounds of normal using standard deviation

I understand the concept of standard deviations and z-values, but I'm trying to figure out if standard deviations alone are good for establishing the upper and lower bounds for normal. For example, if ...
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Estimating population standard deviation with sample standard deviation

At 4:30 of this video the author decided to estimate the standard deviation of the population with sample standard deviation (sample size was $100$). In the next video, the author mentioned that it ...
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Correctness of a statistical evaluation of a parameter

I have a question about a non-Gaussian distributed parameter that can only take certain values in a defined interval. Knowing that I have to define this parameter starting from a set of its values and ...
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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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Formula to get mean and standard deviation of this multi-variable equation

$$ \binom n x \times\left(\frac1r\right)^x\times\left(\frac{r-1}r\right)^{n-x} $$ If you have $n$ boxes and have a $\frac1r$ chance to fill each one, this equation returns the chance that you fill ...
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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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CV Percentage Error with Confidence Variable

I am trying to calculate a confidence variable (CV %) of two numbers where the numbers them selves have a confidence range. Appologies for my sloppy representation, I am somewhat of an equation novice ...
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What is the maximum value of the sum $\sum_{i=1}^L(\bar{x}-x_i)$, in this specific case.

Let $x_i$ be a positive real variable, with $i=1,2,...,K$. We denote by $\bar{x}$ the average value of the values $x_1, x_2,...,x_K$. Let $a=\min_i x_i$ and $b=\max_i x_i$, then $x_i \in [a,b]$. My ...
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Are there any limits on Standard Deviation of a data set with given $n$ and mean?

Say a class of 200 students is graded out of 100 marks. The mean of the dataset is 50. Can we put a maximum limit on Standard Deviation for the set ? I thought of putting a number of people onto 100 ...
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Use of normal distrubution to determine price differences

Currently I am analyzing price data of many of our competitors. For example: Company A sells product X for $45 Company B sells product X for $44 Company C sells product X for $52 We sell product ...
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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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Discrepancy between different methods for finding standard deviation?

I can't see where I am going wrong. There are two different ways of writing the standard deviation: $ \sigma = \sqrt{\frac{1}{N} \sum_{i=1}^N (x_i – \overline{x})^2}$ $ \sigma = ...
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Trouble understanding when to use ANOVA to analyse variances?

I'm having trouble knowing when to use the ANOVA method for analysing variances. For example this question: $1.$ In an investigation of the effect of large amounts of lime on marigolds, the numbers ...
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Standard deviation of the mean of sample data

I can't quite understand what this formula means: $$\sigma_{\overline{x}}=\frac{\sigma}{\sqrt n}$$ I know what standard deviation $\sigma$ is - it's the average distance of my data points (samples) ...
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Standard Deviation: Population versus Sample (specific example)

So, I'm trying to use a t-test to test a hypothesis regarding information: My students were given a question in which they chose either $1, 2, 3, 4$, or $5$ to determine how much they enjoyed my ...
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Calculating uncertainty in standard deviation

I have a distribution with literally an infinite number of potential data points. I need the standard deviation. I generate about a hundred points and take the standard deviation of the points. ...
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What does the multiplication of standard deviation of two variables gives?

If we need to find the correlation between two variables it is given by the formula - co variance of two variables divided by the multiplication of Standard deviation of the two variables. My ...
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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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Lower std.deviation of a distribution?

How would one lower the std.dev => $\sigma$ for an arbitrary distribution? The reason why I ask, is because I have a distribution which tend to get far above my threshold value, and i am running out ...
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Calculate mean and std.dev from a lot of coordinates

How do i calculate the mean coordinate and the standard deviation of a cloud of (x,y) coordinates. I know how to calculate the mean, but i am struggling with calculating the std. deviation.
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Probability mean,variance and standard deviation formula confusion.

I have a confusion in the formula attached. Why and how are the two formulas equivalent ? sigma in the image is the standard deviation of a distribution...
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Chebyshev's inequality for 1 standard deviation results in 0?

In applying Chebyshev's inequality to a probability distribution, the following is the given equation: $$p(\mu - c*\sigma \le X \le \mu + c*\sigma) \ge 1 - \frac{1}{c^2}$$ This indicates for any ...
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Width of Gaussian distribution from N trials of coin tossing

What is the width of the Gaussian distribution that is generated from performing $N$ trials of coin tossing? Example: In a trial of 1000 tosses of a coin, $P(H)=0.5$ and $P'(H)=0.5$, where $H$ refers ...
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645 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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Standard deviation of less than one

How would I find the approximate percentage of values within a standard deviation of less than one on the normal model? Chebyshev's rule is only used when the standard deviation is greater than or ...
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How to calculate the standard deviation of numbers with standard deviations?

I have essentially a propagation-of-error problem I run into frequently with my scientific data. For example, I have three samples, each of which I take two measurements of. So, for each sample, I can ...
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Method for determining the average deviation of data values over time?

I've recorded my weight every day since 1 January 2012 and plotted the data in an Excel spreadsheet. For convenience, I've set the minimum and maximum values on the y-axis to the weights that ...
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Comparing two populations

I have sampled from two separate populations, and I want to figure out which population is better. Population 1 has an average score of 84.1 and a standard deviation of 11.8. Population 2 has an ...
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What are the bounds on Variance?

I have an image which can be considered as a 2D plane. Now, I have to check the variance of some points which are distributed over this 2D plane. TASK: I want to calculate the variance to predict if ...
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95% Confidence Intervals

I was solving this problem from a textbook In a random sample of three pupils, $x_i$ is the mark of the $i$th pupil in a test on volcanoes and $y_i$ is the mark of the $i$th pupil in a test on ...
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Finding the probability of loss from standard deviation in normal distribution

I am unsure how to approach the following question. The returns from a project are normally distributed with a mean of \$220,000 and a standard deviation of \$160,000. If the project loses more than ...
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geometric standard deviation

The geometric mean is like the arithmetic mean on a log scale. with the arithmetic mean it is often useful to find the standard deviation. Can the same sort of thing be done to create a geometric ...
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Calculate Sample standard deviation and MAD

I need to solve this problem for an arbitrary N. I'm not exactly sure how to go about this. I have formulas to calculate both standard deviation and MAD, however I'm not sure what to do with the ...
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Showing $s^2=\frac{1}{n-1}\sum_{i=1}^n(x_i-\bar{x})^2=\frac{1}{n-1}\left [\sum_{i=1}^n x_i^2-\frac{1}{n}\left ( \sum_1^nx_i\right )^2 \right ]$ [duplicate]

I've got as far as this $$s^2=\frac{1}{n-1}\sum_{i=1}^n(x_i-\bar{x})^2=\frac{1}{n-1}\sum_{i=1}^n\left ( x_i^2-2x_i\bar{x}+\bar{x}^2\right )$$ $$=\frac{1}{n-1}\left ...
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How can he assume SD of population equals to SD of sample means?

I'm referring to this KhanAcademy video: https://youtu.be/bekNKJoxYbQ?t=445. My question: How can he approximate the SD of the population to be equal to SD of the sample means? Isn't that SD of the ...
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Let X = the time between two successive arrivals at the drive-up window of a local bank…

Let $X$ = the time between two successive arrivals at the drive-up window of a local bank. $X$ has an exponential distribution with $\lambda = 2$. That is the probability density of $X$ is $f(X | ...
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Simple calculations of mean, standard deviation, and probability

You are a successful entrepreneur that has developed a new sustainable product that is manufactured through a standard production process. As part of this process, the product goes through quality ...
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Compute the standard deviation of the monthly cost due to blackouts

Network blackouts occur at an average rate of 5 blackouts per month. Assuming a suitable continuous-time counting process, a. Compute the probability of more than 3 blackouts during a given month. ...
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Finding the standard deviation without anything except the mean

My statistics professor gave us this question on our last exam and to solve for the standard deviation he just took the square root of the mean, is this correct? Q: An average of 15 aircraft ...
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Standard Deviation divided by Mean

I am comparing different lists of numbers to find the one which "varies least", in a common sense of meaning. Because the lists differ greatly in their mean value (some are around 0.3, others are ...
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Weighted Std Deviation of Securities

Corporate Finance problem - can't figure out if I'm right or not but here goes: Probability 15% 35% 20% 30% Security A 8% 5% -4% -6% I need to find mean and std deviation for security A. I got: ...