Economics
Standard deviation
Standard deviation measures the typical distance of values from their mean in the original data units.
FreeOnlineNo sign-up
σ = √(Σ(x − x̄)² / 3)
- 01Given
- 02Calculation
- 03Answer
What it means
Standard deviation measures the typical distance of values from their mean in the original data units.
How it works and where it is used
Use this calculation for comparing economic indicators and measuring averages, variation, and growth rates.